Finance Minister Jim Flaherty is set to announce new credit card regulations Thursday, says a report.
The Globe and Mail says the changes will require financial institutions to provide better disclosure about interest rates.
The government wants credit card companies to provide timely advance notice of changes to rates and fees, said the report.
However, the finance minister has reportedly ruled out tougher measures such as placing a ceiling on interest rates.
It comes a day after the U.S. Congress wrapped up legislation restricting when and how a credit card company can raise an
