This is an archive. Free Speech Radio News ended daily production in 2017 and this site is no longer updated — it preserves FSRN’s reporting from 2000–2017.

Lawmakers pass credit-card consumer protection measures

Recovered from FSRN’s earlier site via the Internet Archive Wayback Machine. The audio here is FSRN’s own production recording. Originally published May 19, 2009.

In the Senate, lawmakers passed legislation to overhaul what many call abusive practices by credit card companies. The measure will protect consumers against excessive fees and ill-timed increases on interest rates. Although consumer advocates say the legislation could have been stronger, they say it's a major win over the powerful banking lobby. FSRN’s Leigh Ann Caldwell reports.