Reps. Gutierrez and Maloney On Protecting Consumers

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

Category:

News & Politics

Tags:

• Gutierrez
• Maloney
• Credit Card
• Consumer Protection
• Democrats
• Congress

[Fellowdc2007]

Rep. Gutierrez is so energetic! It's about time a Congress stands up against Big business in America.

[matahaari]

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.

[Eugenitor]

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.

[rckent01]

Rightly said, Reps. Gutierrez and Maloney . We need more Democrats like you in the Senate, particularly in light of the recent defeat of cramdown.