News articles on the House Financial Services Committee vote noted that alterations to the Credit Cardholders’ Bill of Rights made it similar to the provisions under consideration by the Federal Reserve. Proponents argued that the proposed Federal Reserve regulations could be weakened by the industry before they are adopted while opponents argued that the House [...]
The Credit Cardholders’ Bill of Rights sponsored by Representative Carolyn Maloney moved out of the House Financial Services Committee on Friday by a vote of 39 to 27. It will now be brought up for a vote in the full House.
Read More:
Washington Post - Credit Card Bill Passes One Hurdle
Reuters - House Panel Backs Curbs [...]
What are the odds for passage of one of the Congressional credit card reform bills?
Roderick Hills, professor of public law at NYU, told TheStreet.com that although Republicans would work hard to water down the CARD Act, they are less likely to filibuster in an election year after credit cards and banking have been in the [...]
The Credit Card Companies had better watch out - the floodgates have opened and they are standing in the river bed.
The Fair and Justifiable Credit Card Interest Rate Act of 2008 was introduced into the House of Representatives today. Arguing that the Federal Reserve proposal is a good first step but doesn’t go nearly [...]
Three big proposals (and probably a few more…) for credit card reforms are under consideration currently. They are:
The Credit Cardholders’ Bill of Rights. Under consideration in the House of Representatives, this bill has 110 co-sponsors.
Read More: Baltimore Sun, Atlanta Journal-Constitution
The C.A.R.D. Act - The Credit Card Accountability, Responsibility and Disclosure Act was proposed [...]
