Chairman Carl Levin (D-MI) discusses the staggering interest rates concerning credit cards, in the Homeland Security and Governmental Affairs Committee hearing.

Posted by Staff on March 7, 2007 |

Chairman Levin announces that from 2003 to 2005 several credit card accounts subject to interest rates greater than 25 percent has doubled. (0:47)

 
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March 7, 2007
« President of Card Services Bank of America, Bruce Hammonds claims that Bank of America never tries to deceive their costumer, but listen and inform their costumers, in the Homeland Security and Governmental Affairs Committee hearing.
Ranking Member Norm Coleman (R-MN), announces that even though the credit card industry have provided much more opportunities for Americans, there is a much more complexity, in the Homeland Security and Governmental Affairs Committee hearing. »
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