Top News
Thailand checks bomb links with India
Thai investigators are examining a possible link between explosions in Bangkok and bomb attacks targeting Israeli embassy staff in India and Georgia this week, a senior security official said. Full Article
Reuters Showcase
Removing Restrictions
Indian airlines to be allowed to use maximum permissible bilateral flying rights, allowing them to expand overseas. Full Article
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
U.S. Senate approves credit card crackdown bill
WASHINGTON |
WASHINGTON May 19 (Reuters) - The U.S. Senate on Tuesday approved a bill to curb sudden credit card interest rate increases and hidden fees, with President Barack Obama expected to sign the measure into law by the end of the month.
The first of several financial regulation reforms expected during the Obama administration, the bill must go to the House of Representatives again before reaching the president. The House approved it in similar form last month by a 357-70 vote.
Analysts said the bill would hurt the profits of major card issuers such as Citigroup (C.N), Bank of America (BAC.N), JPMorgan Chase (JPM.N) and Capital One (COF.N), but that its impact was already largely factored into their share prices. (Reporting by Kevin Drawbaugh)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters