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Court sides with credit card customers

kgo
By ABC7
Wednesday, June 3, 2009
SAN FRANCISCO

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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.

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