DODD TO INTRODUCE MAJOR REFORM OF CREDIT CARD PRACTICES
WASHINGTON, DC – Tomorrow, Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, will introduce comprehensive legislation to improve credit card billing, marketing, and disclosure practices. The Credit Card Accountability, Responsibility and Disclosure Act (the C.A.R.D. Act) is aimed at stopping abusive credit card practices that drag consumers into staggering amounts of debt, and too often harm, rather than help, the ability of American families to move up the economic ladder.
Dodd, who has a twenty-year history of working to improve practices within the credit card industry, will speak with reporters about the legislation at a press conference tomorrow. Senator Dodd will be joined by Senate colleagues and consumer advocates, who have played an important role in promoting much-needed reforms to credit card industry practices.
WHO: Chairman Chris Dodd
Senator Carl Levin (D-MI)
Members of the United States Senate
Elizabeth Warren Leo Gottlieb Professor of Law, Harvard Law School
Representatives from Consumer Action, U.S. PIRG, Consumers Union, National Consumer Law Center, and Consumer Federation of America
WHERE: SENATE BANKING COMMITTEE HEARING ROOM 538 DIRKSEN SENATE OFFICE BUILDING
WHEN: 1 P.M. TOMORROW, WEDNESDAY, APRIL 30TH
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