Reply #187: For anyone interested in doing something about Credit Cards & Usury, please read [View All]

[girl_interrupted]

Credit card usury bill coming soon in House
By Kevin Drawbaugh
Reuters
Wednesday, November 25, 2009; 6:13 PM

WASHINGTON (Reuters) - Several congressional Democrats said on Wednesday they plan to introduce legislation next week to cap credit card interest rates.

With unemployment and Wall Street bonuses incongruously rising together, the chairman of the House Rules Committee said she will offer a bill to cap rates at 16 percent, a proposal that could catch a wave of Populist sentiment in the House.

"Things were a lot better for the average person in this country when we had usury caps," Representative Louise Slaughter, head of the rules panel, said in a statement.

http://www.washingtonpost.com/wp-dyn/content/article/2009/11/25/AR2009112503628.html

Please contact Representative Louise Slaughter and tell her you support this and also, making it retroactive.
http://www.louise.house.gov/index.php?option=com_content&view=article&id=44&Itemid=64

It's also a good idea to contact your own congressmen and tell them the same.

Banks have taken taxpayer money for their bailouts, Interest Free. It's about time they also gave the consumers a break on what they are charging them after borrowing money from us.

Thank you!