NY Times Endorses a Credit Card Bill of Rights
September 15th, 2008
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by LouisGreen · Filed Under: Consumer News · Miscellaneous
New York Times: Congress Should Enact Credit Cardholders “Bill of Rights”
The September 14, 2008 edition of the New York Times published an editorial in favor of the Credit Cardholders “Bill of Rights” pending before Congress. The legislation takes aim at retroactive rate increases, double cycle billing that allows assessment of interest on amounts already paid, multiple over-limit fees, and similar credit card company policies. Rep. Carolyn Maloney (D-NY), a champion of the legislation, has a webpage devoted to the issue, with links to key documents, including the legislation itself.
Read the NY Times article here.
See Rep. Maloney’s website here.
A tip of the hat to Brian Wolfman of the Public Citizen Consumer Law and Policy Blog for bringing this to my attention.
Louis M. Green
