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Credit Card Industry Defeated ... for Now
Hidden penalties, sudden interest rate hikes, and deceptive language are just a few of the questionable tactics used by credit card companies to extract money from increasingly stressed consumers. Now, some on Capitol Hill are trying to regulate the more abusive practices.
With bills actually moving through both houses of Congress, the credit card lobby is finding itself on the defensive, and turning out in force to oppose the legislation.
Tagged as: debt, credit, consumers, credit cards, carolyn maloney, christopher dodd, jeb hensarling, uspirg
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Credit Card Companies Are Using Dirty Tricks to Force Us to Pay Late Fees: Why Won't Congress Do Something? The Democrats should be the consumer's best friends right now, fighting these huge enterprises and demanding that they answer for their previous bad behavior. Post by Digby. November 23, 2009. |
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