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Rep. Slaughter Takes on Credit Card Interest Rates

January 13, 2010 - by Donny Shaw

Rep. Louise Slaughter [D, NY-28] recently introduced a bill along with Rep. John Tierney [D, MA-6] that would set a nation-wide annual credit card interest rate cap at 16%. She's bringing the bill straight to the Rules Committee, of which she is the Chair, in an attempt to prevent it from simply dying in committee.

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