The House of Representatives passed the Credit Cardholders Bill of Rights to protect citizens from abusive credit card practices by lenders.
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Category | Lender abuse
Senator Menendez Supports Credit Card Reform
Posted on 13 July 2008
Senator Menendez announced the Credit Card Reform Act (S. 2753) that will end some of the practices of credit card companies that lure consumers into financial traps such as excessive late fees, retroactive rate increases, unilateral default, unilateral changes to credit card terms and credit offers to consumers that cannot afford to pay. Consider [...]
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