We Did It!
Published August 18, 2008 @ 09:36AM PT
The Federal Reserve Board received an astounding 56,000 comments from the public regarding its proposal to curb credit card practices. In fact, we broke a record - this is the most comments the Fed has ever received on any of their proposals!
The message is clear: we're fed up with credit card tricks and traps!
Legislative Update: The Credit Cardholders' Bill of Rights was approved by the Financial Services Committee on July 31. Our Partners worked hard to get the bill through the Committee, and the full House of Representatives will vote on it in September. We'll keep you posted.
Click here to read a recent New York Times editorial about credit cards. We like their bottom line: "Congress should give consumers what they need and deserve - fair and clear lending rules for credit cards."
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