Campus Progress released the following statement after the passage of the Credit Cardholders' Bill of Rights early today:
Credit Card Bill will Help Young People & Students Washington, DC — Today Congress passed the Credit Cardholders’ Bill of Rights by a margin of 361-64 in the House of Representatives, following yesterday’s vote of 90 to 5 in the Senate. The President is expected to sign the bill on Friday afternoon. “By passing this legislation, Congress took a big step toward extending basic protections to all credit card borrowers, especially young people and students,” said Erica Williams, Deputy Director of Campus Progress, who testified before the House Financial Services Committee on this issue last summer on behalf of Campus Progress Action.
To read the full statement, and see the attached factsheet on young people and credit cards, click here.
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