Senate Banking Committee Chairman Chris Dodd complained Thursday to bank regulators about credit card issuers' rate increases before new restrictions take effect next year.

"I am disturbed by recent reports in the press that some credit card companies are allegedly raising interest rates on their customers' existing balances without justification," the Connecticut Democrat wrote in a letter to the heads of four agencies. "Press reports indicate that some companies are raising rates now to get around these consumer protection provisions before they take effect and before regulations can be promulgated to enforce them."

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