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S. 2655: Credit Card Reform Act of 2006

Sen. Robert Menéndez had proposed a bill to amend Truth in Lending Act on April 26, 2006. This is an effort to stop universal default, to put a limit on the fees imposed by credit card companies and to make it compulsory for credit card companies to verify consumers' creditworthiness prior to do business with them.

http://www.govtrack.us/congress/bill.xpd?tab=main&bill=s109-2655

This bill is under consideration in the Senate and the House needs to pass a similar law to give it a legal shape. You can write to your representative to support the bill so that everyone gets rid of the abuses of credit card companies.

Contact your senator-
http://www.senate.gov/general/contact_information/senators_cfm.cfm

Contact your representative-
http://www.house.gov/writerep/




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