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May 19, 2009 | | Comments 0 | Filed Under: DailyGovernmentNewsWall StreetWorld

Senate Passes Bill to Restrict Credit Card Practices

WASHINGTON — The Senate voted overwhelmingly on Tuesday to put new restrictions on the credit card industry, passing a bill whose backers say will make card-issuers spell out their terms in fewer words, using plain English, and treat customers more fairly.

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