Spaulding urges speaking out on credit rules

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Vermont State Treasurer Jeb Spaulding is urging Vermonters to speak out before the Aug. 4 deadline for comments on changes to federal rules designed to crack down on what Spaulding calls unfair charges and billing practices by credit card companies.

Spaulding is inviting people to go to his office’s Web site – www.VermontTreasurer.gov – and click on a section headlined "Share your views" to be linked to the public comment page for the rules.

The rules cover areas like making sure consumers have a fair amount of time to make payments and restricting interest rate increases on outstanding balances.

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