Passing legislation like this will discourage lending. This comes at a particularly bad time when consumers and our economy have already had enough stress to deal with. It's not wise policy to create a consumer credit crunch at the same time that our economy is experiencing a commercial credit crunch.
Rep. Pete Sessions (R-TX). From CreditCards.com, “House passes Credit Cardholders’ Bill of Rights bill”, Connie Prater.
Tuesday, September 23, 2008
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