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    06.27.13 Professor David Reiss Comments on Renewed Trend of Low Credit Card Rates
    David Reiss

    Professor David Reiss recently spoke about the renewed trend of low-interest credit cards. Many consumers are wary of financing deals after 0% periods end, but Professor Reiss assures that the Credit CARD Act of 2009 protects against underhanded credit lenders. “Prior to the CARD Act, credit card companies might solicit new business with a zero percent interest rate and then jack it up for sometimes legitimate reasons (for example, default on the credit card debt)," he explained to Cardhub.com, "but often for illegitimate reasons (for example, alleged default on another, unrelated debt).”

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BLS LawNotes - Spring 2014

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