A Look At The Credit Card Overhaul Bill

-- Require banks to give customers 45 days notice before raising interest rates on new purchases, even if the customer is late or delinquent in paying the account.

-- Prohibit, in most cases, retroactive rate increases. Does not include a provision that would require lenders to reduce the rate after six months if the person pays on time.

-- Prohibit double-cycle billing.

-- Limit excessive fees charged on subprime credit cards, which are marketed to people with bad credit.

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