Financial Information
Tester Urges Senate to Reform Credit Card Industry
credit card debt stories
Armed with personal stories from Montanans hurt by credit card companies, Senator Jon Tester urged his colleagues in Congress to reform the credit card industry. Tester, a member of the Senate Banking Committee, helped write the Credit Card Accountability Responsibility and Disclosure Act, also known as the Credit CARD Act.
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#2 written by AdvantaRipOff 1 year ago
Why do you think Dodd is giving banks 9 to 12 months to implement this bill?
Dodd is taking care of his banking buddies. SNL Tim Meadows had best joke about Credit Card Act bill. That is enough time to make a baby with a whore.Why do you think Dodd did not include interest rate cap in his bill? Make sure banks can still charge sky high interest rates. If Chase is currently charging you 30% interest rate today, it would not be illegal to charge you if this bill becomes the law.
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Thank you! HSBC and Best Buy are some of the worst! Even when you never miss a payment and are never late, they charge over 20% interest!