April 18, 2008—A consumer testifying in a House subcommittee hearing yesterday on credit-card practices cited her credit union as the only financial services provider that has not attempted to impose so-called “risk-based” rate hikes on her card accounts. Susan Wones, testifying Thursday before the House Financial Institutions Subcommittee chaired by Rep. Carolyn Maloney, D-N.Y., detailed [...]
