Quote – Stephanie Jacobson, first vice president of public affairs for Chase Card Services. CreditCards.com.

“As an industry leader, Chase does not engage in several practices -- universal default, two-cycle billing and increasing a rate based on a change in a credit score -- addressed by the bill, but we believe the legislation as passed today has the potential of increasing overall costs to consumers, reducing access to credit, and reducing or eliminating low-rate options for consumers.”

Stephanie Jacobson, first vice president of public affairs for Chase Card Services. From CreditCards.com, “House passes Credit Cardholders’ Bill of Rights bill”, Connie Prater

Tuesday, September 23, 2008
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