Responsible credit card consumers who pay their bills on time shouldn’t be penalized with arbitrary rate increases and hidden fees. We need to put an end to these deceptive practices, protect consumers and keep children from being solicited for credit cards.

 

The Credit Card Bill of Rights, which I voted for, would protect credit card consumers from retroactive interest rate hikes, and offer greater disclosure. It also would require creditors to provide 45-day written notice of any rate increase and increases transparency, giving consumers the information needed to understand their bills and make responsible decisions. This bill passed the House by a vote of 357 to 70. It is now up to the Senate to act.