Credit Cardholders’ Bill Of Rights | House Democrats

Legislation

Credit Cardholders’ Bill Of Rights

September 21, 2009

Democrats enacted tough new protections for consumers by banning unfair rate increases, abusive fees, and penalties—such as retroactive rate hikes on existing balances and double-cycle billing—giving consumers clear information, and strengthening enforcement. (Signed into law)

What our Members are Saying

The people of the San Fernando Valley should not face excessive fees, or arbitrary interest rate hikes at any time and for any reason, or unfair, incomprehensible credit card agreements that are revised at will.

May 19, 2009

One of the reasons families have such high debt levels is that credit card companies are engaged in unfair practices. It’s time families have rights. For too long, credit card companies have engaged in practices that saddle families...

May 19, 2009

In the current recession American families who play by the rules deserve fairness and transparency from the credit card companies. To rebuild our economy, we need to stand on a solid foundation, offer prosperity for the long run and avoid the mistakes...

April 29, 2009

[The Credit Cardholders’ Bill Of Rights] would put in place common-sense rules that are fair to lenders and will protect Americans who are struggling to make ends meet during this economic downturn.

April 29, 2009

[The Credit Cardholders’ Bill of Rights] levels the playing field between credit card companies and consumers by applying commonsense regulations and giving cardholders the information and rights they need to make smart financial decisions.

April 29, 2009

Featured Member

John Lewis

Representing the 5th District of GA

In 1940, John Lewis was born the son of sharecroppers in rural Alabama. As a youth, he experienced the harsh realities of segregation and racism – forced to sit apart from white children and unable to share the same privileges they did. Today, Lewis is a leader in Congress and recently witnessed the swearing-in of Barack Obama, the first American-American president of the United States. The story of John Lewis is that of the struggle to transform the world of his youth to create the vastly expanded opportunities available today.

<a href="/members/john-lewis">John Lewis</a>

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