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News Now

Washington
Hearing coming on credit card bill
WASHINGTON (3/10/08)--The House Financial Services subcommittee on financial institutions and consumer credit announced Friday it will conduct a March 13 hearing on “The Credit Cardholders’ Bill of Rights: Providing New Protections for Consumers.” The bill was drafted by the subcommittee’s chairman, Rep. Carolyn Maloney (D-N.Y.), after a series of hearings and a roundtable forum discussion with credit card issuers, consumer groups, House Financial Services Chairman Barney Frank (D-Mass.), and Rep. Mike Castle (R-Del.) to discuss potential credit card reforms. The announcement noted the subcommittee will hear from witnesses representing consumers, legal and economic experts, and credit card industry.
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