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Credit Cardholders’ Bill of Rights Moves Forward

Categories: Credit, Current Events

Good news from the other Washington: The Credit Cardholders’ Bill of Rights, which would outlaw some of the worst abuses of the credit card industry, passed the House Financial Services Committee yesterday by a vote of 39 to 27, surviving an effort by Rep. Mike Castle (R-Del.) to kill it. The bill now goes to the full House for a vote.

It’s not a perfect bill, but it’s a good start. See this February post at Credit Slips for a good overview of the bill.

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