SEND MSG:: Senate must include real credit card reform in bailout package!

[defendandprotect]

Senate must include real credit card reform in bailout package!

Strong legislation to make credit cards more fair to you just passed the House and now must pass the Senate. Tell your Senator to include these reforms in any rescue package it passes!

The Senate will vote THIS WEEK on a rescue package. The credit card reform bill should be included in any package that helps financial institutions out of the mess that some of them helped create.

The provisions passed by the House this week prevent credit card companies from arbitrarily jacking up interest rates on your card debt, and provide for a fairer distribution of your payments to costly, high-interest debt first.

Only days remain before Congress breaks for the year. Tell your Senators to support this provision now!


https://secure.consumersunion.org/site/Advocacy?JServSessionIdr001=tqshomq5s2.app45a&cmd=display&page=UserAction&id=1959

[knowbody0]

1. usury laws must be reinstated

40% is insane

[defendandprotect]

2. I remember when it was 6% ---

but it's also a mystery how they can charge these exhorbitant rates and fees when THEY

are lending, but when you lend them your money in savings/cd's whatever ...

they give you back pennies -- !!

HOW do they get away with that---???

[knowbody0]

3. no regulations

these folks own our representatives.

[defendandprotect]

4. But WHERE is the public outcry/anger with this??

Or do they fail to understand it -- ???!!

[defendandprotect]

5. push --