Date: Fri, 08/11/2006 03:40
S. 2655: Credit Card Reform Act of 2006
Sen. Robert MenÃ©ndez 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.
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.
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