NEW CREDIT CARD BILL DOES NOTHING
Senate Passes Credit Card Bill
NPR.org, May 19, 2009 · The Senate has voted to prohibit credit card companies from arbitrarily raising an individual's interest rate and charging many of the exorbitant fees. ( NOT,G )
The vote was 90-5.
With the House on track to endorse the measure by week's end, President Barack Obama could see a bill on his desk by the end of the week.
If Obama signs the bill as expected, the credit card industry in the next year ( till then the credit card Co.s can CHEAT AND SCAM YOU ALL THEY WANT. G ) would have to change the way it does business.( NO CHANGE STILL CRIMINAL MAFIA JUICE RATES ON INTEREST. G )
Lenders would have to post their credit card agreements on the Internet and let customers pay their bills online or by phone for free. They'd also have to give consumers a chance to spare themselves from over-the-limit fees and give them 45 days notice and an explanation before interest rates are increased. TO 36 % USUARY, CRIMINAL INTEREST RATES, LOAN SHARKING, VIG, JUICE, THE GOVERNMENT LETS THE CRIMINAL BANKING COMBINE ROLL ON, NOW THEY HAVE TO HAVE AN EXCUSE TO RAISE YOUR INTEREST TO MAFIA STANDARDS.
Watch them roll all the card rates up to new levels during the year before the law takes effect. Congressonal whores have done NOTHING, BANKING LOBBIEST WIN.
The new law says they have to have a excuse/reason to GOUGE YOU,
NO limit on the reasons, " they need more juice, vig " is an excuse that would pass
THIS NEW CREDIT CARD BILL DOES NOTHING.
THIS IS ALL PR,
WINDOW DRESSING, LOOKS LIKE THEY DID SOMETHING,
THEY DID NOT PROTECT THE PUBLIC,
BANKING MAFIA STILL RULES CONGRESS.
CONGRESS AND THE BANKING MAFIA THINK AMERICANS ARE SO STUPID THEY WON'T NOTICE CONGRESS DID NOTHING, WELL CONGRESS DID SELL OUT.