Fred Business News - A group of Democratic lawmakers unveiled sweeping legislation Wednesday that promises to shield consumers from harmful, and in some instances predatory practices, by the credit card industry.

Introduced by Sen. Christopher Dodd, D-Conn., the Credit Card Accountability, Responsibility and Disclosure, or CARD Act, would take aim at industry billing, marketing and disclosure practices at a time when credit card debt has become an issue of importance to a growing number of Americans.

"This bill will stop abusive credit card practices that drag so many ...   more »