Senators are discussing how much latitude they should allow credit card companies to have over interest-rate increases and other business practices. Meanwhile, officials in the industry are defending their practices and warning that changes may have unintended consequences. "If you cannot adjust for the behavior of a consumer or the risks that they pose, you're going to have to raise rates for everybody at the outset," said Kenneth Clayton, senior vice president of card policy at the American Bankers Association, an industry trade group. "That's unfair to consumers that have been playing by the rules because they're going to pay the price."
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