State Legislators Seek To Shield Banks From Tough Credit Card Rules
Filed in Credit Crisis on Oct.05, 2009
According to an article in the Star-Telegram, moderate House Democrats are drafting a proposal that would shield big banks from potentially tougher state regulations of credit cards, mortgages and savings accounts.
The article said:
“…their proposal, spearheaded by Illinois Democratic Rep. Melissa Bean, isn’t sitting well with consumer advocates who say banks shouldn’t be allowed to skirt [...]





