Email your Senators NOW to oppose the "Consumer Bankruptcy Reform Act!"

[flpoljunkie]

Click on this link from The Nation to let them hear from you. Send an email to your Senators and Representative:

http://capwiz.com/thenation/mail/oneclick_compose/?alertid=7085876

Bankrupt Reform

Urge your senators and representatives to oppose the Consumer Bankruptcy Reform Act

Your credit card issuers are hoping that the sixth time will be the charm for a bill they've been pushing since the Clinton years: "The Consumer Bankruptcy Reform Act" (now S.256 & H.R.685). This legislation would make it more difficult for people turning to bankruptcy as a last resort to actually discharge their credit card debts.

Considering that most people who file for bankruptcy are squeezed middle-class homeowners who experience a job loss, divorce, or medical emergency, you'd think that Congress might be timid about introducing such a draconian bill with 46 million uninsured and on the heels of record job losses. The reality is that many families are borrowing to make ends meet, and are just one missed paycheck away from financial collapse. And passage of this bill will make it still harder for many of them.

Somehow, though, that kitchen-table reality hasn't reached the Washington bubble. In DC, the banking lobby's line about frivolous debtors lacking personal responsibility plays well on both sides of the aisle. Perhaps that's because the industry was Washington's single largest contributor in 2000. Or perhaps it's because they haven't heard from you. Senator Charles Grassley (R-IA) is the main sponsor of the bill in the Senate, and Democrats Kennedy (MA) and Durbin (IL) are leading the fight against it.

Contact your representatives now. If you've got a credit card, you've got a problem with this bill. With the threat of consumer bankruptcy defused, issuers will have no reason to refrain from escalating the fee and penalty rate waves they've been riding to record profits in recent years.

[sinkingfeeling]

1. Done. Thanks for an easy way of doing it!! n/t

[cthrumatrix]

2. kick

[OneBlueSky]

3. did it yesterday . . . informed Ms. Clinton and Mr. Schumer . . .

that if they voted for this, they'd lose my support forever . . . and I mean it . . . if the Democrats can't stand together against BushCo on an issue like this, there is little hope for the future of the party . . .

[flpoljunkie]

4. Thanks for taking action. The Senate is debating the bill at this moment.

Congress will respond, but only if we make our voices heard.