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Ottawa Urged to Clamp on Excessive Credit Card Rates

Ottawa Urged to Clamp on Excessive Credit Card Rates
A new report commissioned by the Consumers Association of Canada noted that Ottawa should be clamping down on any excessive interest rates and penalty fees charged by credit card issuers during the current review of the credit and debit card industry. The report goes to say that new microchip protected credit cards should ... Full story
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Flaherty Warns to Respect Voluntary Code

Flaherty Warns to Respect Voluntary Code
Federal Finance Minister Jim Flaherty warned companies and banks that if they do not comply with a proposed voluntary code of conduct for the credit and debit card markets, he will be bring down the “hammer” of regulation. The code, which is designed to address merchants’ claims they are being unfairly treated, draws ... Full story
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Weekly News Watch 20

Weekly News Watch 20
This week flew by pretty quick for me, especially since I was in bed most of the time fighting off a cold. Well that is behind me now and I am ready to report a summary of the events we saw this week. There wasn’t any news on the two credit card giants, ... Full story
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