Broad Coalition Urges Members of Congress to Co-sponsor the Credit Cardholders’ Bill of Rights Act
The undersigned consumer, civil rights, small business, community and labor organizations representing tens of millions of Americans strongly urge you to cosponsor the Credit Cardholders’ Bill of Rights Act, which Chairwoman Carolyn Maloney of the Financial Institutions and Consumer Credit Subcommittee, Chairman Barney Frank and others will introduce next week. The Credit Cardholders’ Bill of Rights Act (as HR 5244) passed the House on an overwhelming 312-112 vote in September 2008. (The Senate did not have time to act.) Now that the Federal Reserve Board and other regulators responded to over 56,000 consumer comments and approved final rules, the need for the Credit Cardholders’ Bill of Rights has never been greater.