Maloney: Credit Card Holders Have Rights, Too

In an article titled "Credit Card Holders Have Rights, Too", Rep. Carolyn B. Maloney writes for The Nation about the legislation she introduced, the Credit Cardholders' Bill of Rights, which passed the House a few weeks ago.

She writes that "The Credit Cardholders' Bill of Rights would also be better than the regulators' rules [referring to Federal Reserve rules due to take effect in July 2010] simply by virtue of being in statute--with the full force of law--changeable only by the courts or future legislation, and immune to the pressures of any future administration which might prefer more lax enforcement and oversight of the credit card industry."