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As Others Raise Card Rates, a Look at How CUs Are Responding

OCT 9, 2009 12:29pm ET

COLORADO SPRINGS, Colo. — With a bill before Congress to move up the effective date of the consumer protections embedded in the just-passed CARD Act to Dec. 1, a number of banks and card issuers have been raising card APRs as quickly as possible in advance of such a change.

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