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Changing the Way We Are Charged

Credit card reform was needed, says Russell Walker of the Kellogg School.

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September 2, 2009 | by Brendan Cosgrove

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EVANSTON, Ill. --- President Obama recently signed legislation reforming regulations in the credit card industry designed to protect consumers from huge interest rate swings and exorbitant fees. Russell Walker, senior lecturer at Northwestern University’s Kellogg School of Management, discusses the reform package's impact on both consumers and lenders.

Topics: Opinion