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.

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...

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...

[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.

[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.

Featured Member

Donna Edwards

Representing the 4th District of MD

<a href="/members/donna-edwards">Donna Edwards</a>

Meet Congresswoman Donna Edwards and you’ll immediately sense her strong energy and enthusiasm for her work on behalf of people in her community. According to Edwards – who represents portions of Maryland’s Prince George’s and Montgomery counties – the experience so far has “been really invigorating – exciting.”

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