BUSINESS BRIEFING / BANKING
- Share via
Times Wire Reports
Senate Banking Committee Chairman Christopher J. Dodd (D-Conn.), who is fighting for his political survival, has proposed an immediate interest rate freeze on existing balances for the estimated 700 million credit cards in circulation.
The proposal is unlikely to go anywhere in the Senate, where business-minded Democrats would join Republicans in opposing the measure.
Get the L.A. Times Politics newsletter
Deeply reported insights into legislation, politics and policy from Sacramento, Washington and beyond. In your inbox twice per week.
You may occasionally receive promotional content from the Los Angeles Times.
