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Fee Hikes at Bailed-Out Banks Spur Investigation

Interest rates as high as 30% raise questions about program's effectiveness

By Clay Dillow, Newser Staff

Posted Apr 13, 2009 7:08 AM CDT

(Newser) – Congressional overseers of the TARP program are investigating the lending practices of several of the banks they bailed out in response to complaints that the banks are raising interest rates and fees, the Wall Street Journal reports. Despite receiving billions in taxpayer dollars, Bank of... Read full story »

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Fee Hikes at Bailed-Out Banks Spur Investigation

Interest rates as high as 30% raise questions about program's effectiveness

Citigroup • Bank of America • loans • credit card • fees • consumer credit • interest rates • Elizabeth Warren

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More Newser Stories

Big Banks' Lending Drops Despite Bailout Cash

Banks say funds can't go straight to loans, and recession cuts down on would-be borrowers

Consumers May See 45% Cut in Available Credit

Lower credit-card limits are coming just as job losses soar

Citi Shareholder Revolt Bad News for Other Big Banks

Wells Fargo, Bank of America may have reason to worry

Moody's Slaps Wall Street's Big Banks With Review

Along with most of Europe's banks

Massachusetts Sues Big Banks Over Mortgage Fraud

Says it will not sign onto any lenient robosigning settlement

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