Court sides with credit card customers

June 3, 2009 2:42:05 PM PDT
Credit card customers got a break Tuesday.

MOST POPULAR: Video, stories and more
SIGN-UP: Get breaking news sent to you from ABC7

A federal appeals court ruled a bank must make it "very clear" it can raise people's interest rates for any reason.

The ruling came in a case where Chase bank tripled a consumer's interest rate. The court said Chase buried the warning about interest rate hikes too deeply in the fine print of the credit card agreement.

       Today's latest headlines | ABC7 News on your phone
Follow us on Twitter | Fan us on Facebook | Get our free widget


Load Comments