Duncan Douglass Quoted in Reuters
In the Press
May 26, 2009
Duncan Douglass was quoted in a Reuters article discussing congressional approval of sweeping new limits on the credit card industry. “These are monumental and expensive changes for credit card issuers to implement,” Douglass said, in reaction to the bill, which will sharply restrict credit card issuers’ ability to raise interest rates on cardholders’ existing balances and to charge certain fees.