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Canadian Finance Minister ruled out new credit card regulations

May 21, 2009 - 8:53am | News | Plastic cards
  Canadian Finance Minister ruled out new credit card regulations

As it became known on Thursday, Canadian Finance Minister Jim Flaherty is to announce new credit card rules. That comes a day after the U.S. Congress ruled out legislation restricting, that Barack Obama is to sign into law on Friday. The legislation requires to provide the information of when and how a credit card company can raise an individual's interest rate, who can receive a card and how much time people are given to pay their bill. 


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