Congressman Gary Ackerman's Press Release
CONTACT: Jordan Goldes Phone (718) 423-2154 Fax (718) 423-5591 http://www.house.gov/ackerman
March 13, 2008  
Congressman Ackerman Stands Up for Credit Card Holders

(Washington, DC) - The U.S. House of Representatives held a hearing on a bill that would help even the playing field between credit card holders and the companies who issue the credit.

The proposed bill would protect consumers from arbitrary rate increases and excessive fees. Holding up a stack of credit card offers, Congressman Gary Ackerman said the way things are now, it is virtually impossible to decipher the fine print.

"If you look at the confusion that these things have, it's absolutely astonishing," he said. 

Read the rest of the story here: http://www.komotv.com/news/consumer/16660541.html 

 

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CONGRESSMAN Gary Ackerman 2243 RAYBURN BUILDING WASHINGTON,DC 20515 www.house.gov/ackerman