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.
Reps. Gutierrez and Maloney speak out against the Republican motion to recommit which would have delayed the protections to consumers included in this legislation.
Learn more about the bill: http://www.speaker.gov/newsroom/legislation?id=0303
Rep. Gutierrez is so energetic! It's about time a Congress stands up against Big business in America.
Fellowdc2007 2 years ago
That government is best which governs the least, because its people discipline themselves.
~Thomas Jefferson
The original American revolutionaries knew their history.
Best we can hope to achieve is to repeat and verify.
matahaari 2 years ago
When you lisp as badly as he does, you need forceful speech to make up for it. Smacking Republicans down for obstructionism is easy these days and good practice.
Eugenitor 2 years ago
Rightly said, Reps. Gutierrez and Maloney . We need more Democrats like you in the Senate, particularly in light of the recent defeat of cramdown.
rckent01 2 years ago