http://www.freerepublic.com/tag/usery/ en-us Sat, 3 May 2008 17:32:36 GMT Focus Forum 15 http://www.freerepublic.com/focus/f-news/2010750/posts The Federal Reserve on Friday issued proposals to restrict various credit-card billing practices, including double-cycle billing and unreasonable late charges. The proposals aim to protect credit-card users and clarify costs by prohibiting actions such as raising an annual percentage rate unless certain exceptions apply, treating a payment as late unless consumers have been provided with a reasonable amount of time to make payments and unfairly maximizing charges. -SNIP- In a statement Friday, Edward Yingling, president and chief executive of the American Bankers Association, said the Fed's proposal is an "unprecedented regulatory intrusion" into the marketplace. "The proposal would greatly restrict... Market Watch http://www.freerepublic.com/focus/f-news/2010750/posts#comment Sat, 3 May 2008 17:32:36 GMT