Reid Leads Senate Passage of Credit Card Reforms

Nevada Senator Harry Reid today led the Senate in passing consumer credit card protection. The new legislation protects Nevadans by outlawing hidden fees, misleading terms and other credit card company tricks and traps. Reid spoke about one responsible Nevada woman who recently watched her credit card interest rate double -- crippling her finances.

The legislation passed today by the Senate is the CARD Act (Credit
Card Accountability, Responsibility and Disclosure).

When the credit card debate began, Senator Reid heard from a Nevadan named Shelley. Since her original letter to Reid, she has chosen to take a lien against her retirement rather than let her credit card company have more of her money. Today, the Senate stood up for Shelley and other consumers, and against abusive credit card companies.

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News & Politics

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• credit
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• reform
• bank
• interest
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• CARD
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