On September 23, 2008, the Credit Cardholders Bill of Rights (HR 5244) passed the House of Representatives by a 312-112 vote. The Credit Cardholders Bill of Rights is an important consumer bill, offering significant changes to federal statutes that help protect consumers in credit transactions. Among the improvements included in the bill are:
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Credit card companies watch out. Connecticut’s Senator Dodd recently conducted a hearing into credit card practices and they affect consumers. Facts that came to light:
