Bernanke Says There’s No Rush On Regulating Credit Cards

Despite the fact that some banks are charging as much as 79% yearly interest rates, Federal Reserve Chairman Ben Bernanke insists that Congress must use caution when the it comes to future credit card regulation: Boston Herald : Federal Reserve Chairman Ben S. Bernanke warned Congress this week about efforts to move up the effective date of tough new rules for credit card companies, saying such action could hurt consumers as much or more than help them. "Creditors must make extensive changes