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Whitehouse: High Interest Credit Rates Can Cause Financial Ruin for Working Families

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Uploaded by on Mar 24, 2009

In his first hearing as Chairman of the Judiciary Subcomittee on Administrative Oversight and the Courts, Sheldon invited a panel of experts in the field of bankruptcy to discuss the Consumer Credit Fairness Act - a bill he's proposed to reign in excessive interest rates. In his opening statement, Sheldon describes how high interest rates impact working families throughout the country.

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