08 Apr
Credit card crackdown: Rage vs. clout
Will a wave of populism push Congress to sign off on consumer-oriented legislation that has stalled for years?
It’s been an annual rite in Washington for more than a decade: Key Democrats in Congress vow to crack down on credit card companies and protect consumers.
Every year, the bills go nowhere. This year could be different.
Many insiders on both sides of financial services issues expect pro-consumer legislation to ride the populist wave that swept Democrats into the White House and to Congress in greater numbers.
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