| By pdelatorre - Sep 19th, 2008 at 12:43 pm EDT |
| Also listed in: Campus Progress Blog | Campus Progress Updates |
Great news – we have heard from a very good source that the House of Representatives will be voting on the Credit Card Holders’ Bill of Rights sometime early next week! The credit card industry has been lobbying hard to kill this legislation behind the scenes, and so the support of strong consumer protections for borrowers by Campus Progress readers and activists have shown to Congress so far has been crucial.
We can’t stop now – we need to keep up the pressure until the minute that Congress votes. Check out the action alert below for more information, and to take action:
Tell Congress to Protect Credit Cardholders!
With the rising costs of college, gasoline, food, health care, and other expenses, credit cards are becoming the “safety net” for an entire generation. Unfortunately, credit card companies are using unfair and even predatory practices to increase their profits at the expense of the financially vulnerable or inexperienced. Luckily, the House Financial Services Committee has recently passed the Credit Cardholder’s Bill of Rights, which will create several important protections for borrowers, and the bill will be voted on by the full House of Representatives next week, so take action now!
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