Legislation reining in credit card practices faces test in Senate after House passage

WASHINGTON — Propelled through the House by antibusiness sentiment in tough economic times, legislation putting new reins on the credit card industry now goes to the Senate, where the bill’s prospects appear promising.

House clears bill reining in credit card practices to protect consumers

WASHINGTON — Riding a crest of populist anger, the House on Thursday approved a bill to restrict credit card practices and eliminate sudden increases in interest rates and late fees that have entangled millions of consumers. The legislation, dubbed the Credit Card Holders’ Bill of Rights, passed by a bipartisan vote of 357-70 following lobbying by President Barack Obama and members of his administration.

Legislation reining in credit card practices may pass, helped by Obama support, tough economy

WASHINGTON — Legislation to rein in credit card practices and eliminate sudden rate hikes and late fees that have entangled millions of Americans moved closer to becoming law Thursday, bolstered by presidential pressure and the backdrop of economic calamity.

Legislation reining in credit card practices may pass, helped by Obama support, tough economy

WASHINGTON — Responding to a wave of populist anger, the House moved toward passage of a consumer protection bill to rein in credit card practices and eliminate sudden interest rate increases and late fees that have entangled millions of consumers.