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House passes Credit Cardholders Bill of Rights

Tuesday, September 23, 2008

The Credit Cardholders Bill of Rights passage today in the House signals a return to real consumer protections and a welcome change to credit card company business as usual. The Center for Responsible Lending commends Rep. Carolyn Maloney and Financial Services Chairman Barney Frank who championed the legislation, which will restore some balance and fairness to a regulatory system that has been too one-sided for far too long. We call on the Senate Leadership to follow the actions of the House in moving a companion bill toward the same outcome.

For more information: Kathleen Day at (202) 349-1871 or kathleen.day@responsiblelending.org; Sharon Reuss at (919) 313-8527 or sharon.reuss@responsiblelending.org; or Ginna Green at (510) 379-5513 or ginna.green@responsiblelending.org.