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Bailed-Out Banks Face Probe Over Fee Hikes.

Authors :
Enrich, David
Eckblad, Marshall
Tamman, Maurice
Palleta, Damian
Sidel, Robin
Source :
Wall Street Journal - Eastern Edition. 4/13/2009, Vol. 253 Issue 85, pA1-A12. 2p.
Publication Year :
2009

Abstract

The article reports that a U.S. Congressional committee is investigating the lending practices of several banks that have received federal assistance from the Troubled Asset Relief Program (TARP). Several banks including Citigroup Inc. and Bank of American Corp. have raised interest rates on credit-card customers, marketed high-interest loans, or engaged in other practices that have drawn consumer complaints.

Subjects

Subjects :
*CONSUMER credit

Details

Language :
English
ISSN :
00999660
Volume :
253
Issue :
85
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
37558462