As the article reported: Credit cardsa#39; steep fees and rates have kept that business profitable for most banks, in spite of surging charge-offs. ... MasterCard, and Visa, entitled Interest Rate Controls on Credit Cards -- An Economic Analysis even goes so far as to ... Important terms such as late fees and other charges and the method of calculation of balances on which interest may be paid are not disclosed.
|Title||:||Credit card interest rate ceiling and disclosure|
|Author||:||United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Consumer Affairs and Coinage|