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1. Sales of Credit Card Accounts Are Hurting Many Consumers.

Author

Hershey Jr., Robert D.

Subjects
*CREDIT cards, *CONSUMER credit, *BANKING industry customer services, *INTEREST rates, *BANKING laws, *RATES, *GOVERNMENT policy
Abstract

Discusses the sale of credit card accounts by regional United States banks, as of early 1999. Comparison of the number of accounts sold in 1998 and 1997; Impact of lack of interest rate regulation on card holders; US banks which are buying accounts, including Chase Manhattan, Citibank and others; Overview of the practice and the laws.

Published
1999

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