iPhone News - New US credit card laws give richer rewards to rich news - Wed Feb 17, 2010 12:02 am Post subject: New US credit card laws give richer rewards to rich
Walt Serafin, a manager for a biotechnology company in Kansas City, Kansas, is getting an iPhone as a reward from American Express Co. That's not what US card issuers and their lobbyists predicted could happen when they opposed legislation limiting abrupt contract changes such as interest rate increases.