 “Bill would keep credit card companies honest”
Could it be? Is Congress really ready to put an end
to the credit card industry’s most abusive
practices? A bill introduced a few weeks ago by
Rep. Carolyn Maloney (D-NY), would change the way
most credit card companies do business and provide
significant consumer protection for every cardholder.
“In recent years the playing field between
credit card companies and credit cardholders has
become very one-sided,” Maloney said. “A credit
card agreement is supposed to be a contract, but
what good is a contract when only one party has the
power to make decisions?”
The Credit Cardholders’ Bill of Rights Act of
2008, known as H.R. 5244, would protect cardholders
from arbitrary interest rate increases and unfair
fees.
Please read the details at: http://www.msnbc.msn.com/id/23259179/
From Michael – Join MembersTrafficExchange.com
Posted 17:53
|
