U.S. Credit Card Law Ignores Consumer Responsibility
In the shadow of the US Government’s massive subprime lending bailout, the House of Representatives passed legislation HR 5244, better known as the Credit Cardholders’ Bill of Rights Act of 2008. Designed to curb the growing torrent of credit card consolidation and bankruptcy filings, the bill bans or limits several lending practices, including:
Increasing the [...]
Filed under: Society by Cynapse
No Comments »