Congress is racing to get legislation completed that will reset the rules for credit card issuers and many banks. Barney Frank is the Chairman of the Committee on Financial Services and, at this point, the last major legislative figure that can change this almost-finished legislation.
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The Credit Card Accountability Responsibility and Disclosure Act of 2009, which is expected to land on the president’s desk later this week, promises to help consumers by prohibiting unfair, misleading and deceptive practices in the credit card market. But those protections may not extend to international travelers.
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