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The U.S. Senate Committee on Banking, Housing and Urban Affairs this week approved amendments to the Credit Cardholders' Bill of Rights, including a stipulation that says card issuers may raise interest rates retroactively for borrowers whose accounts are 60 days overdue. The Senate this week is expected to vote on the bill.
Security company ControlScan Inc. has formed an advisory board comprised of payments-industry executives, including Deana Rich, president of Rich Consulting; Henry Helgeson, president and co-CEO of Merchant Warehouse Inc.; and Mike Cottrell, vice president of business development at TriSource Solutions.
