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Banks Move to Beat Deadline for New Credit-Card Limits

“Credit card companies are raising interest rates and fees seven months before new rules go into effect that will limit their ability to do so, much to the irritation of Congress and consumer advocates.” (Washington Post, Thursday)

Is anyone surprised?

FEE Timely Classic
“On Usury Laws” by William Cullen Bryant

Sheldon Richman is the editor of The Freeman and "In brief." He is a contributor to The Concise Encyclopedia of Economics.