credit card reform: House passes "Credit Card Holders' Bill of Rights"
- 04/30/09 08:56 AM
Alright, something is happening on the Hill! The House approved legislation that would institute a consumer's "Bill of Rights" regarding the credit card industry's unfair practices. The credit card companies are finally being reined in! (If you believe that, I have a wonderful bridge for sale. Interested?) House bill: H.R.627 Senate bill: S.235 The House, by a vote of 357/70, adopted a series of amendments, some of which were pushed by the White House, that increases restrictions on industry practices. The bill, dubbed the "Credit Card Holders' Bill of Rights," wouldn't take effect until a year after enactment. For sure, there are some … (9 comments)
Alright, something is happening on the Hill! The House approved legislation that would institute a consumer's "Bill of Rights" regarding the credit card industry's unfair practices. The credit card companies are finally being reined in! (If you believe that, I have a wonderful bridge for sale. Interested?);)
;)
