Representative Carolyn Maloney, a Democrat from NY, introduced the Credit Cardholders Bill of Rights Act of 2008.  Maloney is the Chairwoman of the House Financial Institutions and Consumer Credit Subcommittee.  The bill of rights is supposed to protect cardholders against arbitrary interest rate increases, prohibit excessive fees and require Congress to provide better oversight of …

Continue reading “Credit Cardholders Bill of Rights Act of 2008”