Credit Cards Informative - Reining In Credit Card Nonsense-Credit Cardholder'S Bill Of Rights Act

Review by MSCANTBEWRONG on 2008-02-28
ConsumerMan: Reining in credit card nonsense
Credit Cardholders’ Bill of Rights Act aims to end unfair practices
By Herb Weisbaum

Could it be? Is Congress really ready to put an end to the credit card industry’s most abusive practices? A bill introduced a few weeks ago by Rep. Carolyn Maloney (D-NY), would change the way most credit card companies do business and provide significant consumer protection for every cardholder.

“In recent years the playing field between credit card companies and credit cardholders has become very one-sided,” Maloney said. “A credit card agreement is supposed to be a contract, but what good is a contract when only one party has the power to make decisions?”

Continue reading the full story at MSNBC
Comments:1 Replies - Latest reply on 2008-03-01
Posted by *Brenda* on 2008-03-01:
Is posting copy & pastes from news websites the new cool thing to do here?

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