The Senate approved a measure tonight to limit the interest rates that banks can charge credit card holders to 14 percent.
Lenders typically charge 2 percent to 4 percent above prime lending rates for the credit.
Others will retain their loans at their current value but reduce the interest they charge to 6.25 percent, from 10 percent.
The Fed said it would lower the discount rate, the interest charged on loans to member banks, to 6 1/2 percent from 7 percent.
Several banks quickly reduced the prime rate they charge business borrowers to 7.75 percent from 8 percent.
Most consignment stores charge a commission of 30 percent to 50 percent, based on each item's sale price.
Charge your Zune to 90 percent in one hour, or the entire battery in two hours.
DevelopmentSpace plans to charge a commission of 7 percent to 10 percent on all deals.
Banks, in turn, almost immediately raised the prime lending rate that they charge their best customers to 8.50 percent, from 8.25 percent.
In addition, the company will charge a commission of 0.5 percent to 1.5 percent on all successful transactions.