Article: SEN. SCHUMER, CONGRESSWOMAN MALONEY BLAST CREDIT CARD COMPANIES FOR DRAMATICALLY RAISING RATES, FEES BEFORE TOUGH FEDERAL RULES GO IN TO EFFECT THAT MAYBAN THEM - PUSH LEGISLATION TO MOVE UP STARTING DATE TO PREVENT SCAM

WASHINGTON, Oct. 26 -- The office of Sen. Charles E. Schumer, D-N.Y., issued the following news release:

Today, U.S. Senator Charles E. Schumer and Congresswoman Carolyn Maloney blasted major credit card companies for trying to impose new hidden tricks and fees to bilk New Yorkers out of millions before tough new federal rules go in to effect next year. Schumer and Maloney provided new specific details about the types of fees New Yorkers need to watch out for including a credit card company more than doubling the minimum monthly payment and charging a new fees for canceling a card or even for paying the outstanding balance on time. Schumer and Maloney said that the credit card companies are ...

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