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Rep. Gutierrez on the Credit Cardholders' Bill of Rights

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Uploaded by on Apr 30, 2009

Today, the House will consider the Credit Cardholders Bill of Rights Act, H.R. 627, which was introduced by Rep. Carolyn Maloney (D-NY). This legislation would level the playing field between card issuers and cardholders by applying common-sense regulations that would ban retroactive interest rate hikes on existing balances, double-cycle billing, and due-date gimmicks. It would also increase the advance notice of impending rate hikes, giving cardholders the information they need and rights to make decisions about their financial lives.

Learn more at: http://www.speaker.gov/newsroom/legislation?id=0303

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  • Pelosi and her band of idiots will ruin this country.

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