Credit card issuers will be playing defense in Washington duringthe next few days.

On Wednesday, the House Financial Services Committee isscheduled to consider a measure aimed at stopping what somelawmakers see as deceptive practices among credit card issuers. Itwould ban interest rate hikes on existing balances, over-the-limitfees, double-cycle billing. The cardholders could avoid a higherrate by cancelling the card before the rate takes effect.

CUNA and NAFCU have expressed support for some of theseprovisions but say that others would prevent credit unions thatissue credit cards from managing risk effectively.

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