Whiskey Tango Foxtrot, over?
Mar. 17th, 2008 01:23 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
lagilmanhttp://www.dailykos.com/storyonly/2008/3/16/193627/586
"Like so many other Americans, they discovered that their credit card interest rates had skyrocketed without warning and sometimes inexplicably. So on Thursday these citizens were invited to testify before the House Financial Services subcommittee on Consumer Credit, which is considering the The Credit Cardholders’ Bill of Rights. This legislation would add some significant new consumer protections, such as requiring credit card companies to notify customers at least 45 days in advance of a rate increase.
But Republicans on the committee found a repulsive new way to prevent the witnesses from testifying. At the last minute, the GOP insisted that these victims of arbitrary fee hikes (who'd flown into DC from around the country to tell their stories) had to sign a vaguely worded waver permitting the credit card companies to discuss their credit histories publicly anywhere, anytime."
*deeply heated snarl*
"Like so many other Americans, they discovered that their credit card interest rates had skyrocketed without warning and sometimes inexplicably. So on Thursday these citizens were invited to testify before the House Financial Services subcommittee on Consumer Credit, which is considering the The Credit Cardholders’ Bill of Rights. This legislation would add some significant new consumer protections, such as requiring credit card companies to notify customers at least 45 days in advance of a rate increase.
But Republicans on the committee found a repulsive new way to prevent the witnesses from testifying. At the last minute, the GOP insisted that these victims of arbitrary fee hikes (who'd flown into DC from around the country to tell their stories) had to sign a vaguely worded waver permitting the credit card companies to discuss their credit histories publicly anywhere, anytime."
*deeply heated snarl*
