Thursday, April 23, 2009

DOES ANYONE KNOW OF BILL S.392?


Senator Robert Menendez has introduced Senate Bill S.392 "The Credit Reform Act of 2009." I could not find any specifics in the outline of the Bill, when I visited govtracks.

It's time to cap interest rates on Credit Cards to 10%.
Don not issue credit cards to anyone with a FICO score below 600 and if a card holder has limited FICO score, limit credit line to $600.00 with a cap of 10% on the balance of their credit card. Limit all fees total to not more than $10.00 per statement.

End the bait and switch tactics of the credit card issuers and banks.

Pass the word for the MONTH OF MAY, BOYCOTT YOUR CREDIT CARD COMPANY. USE CASH ALL MONTH OR USE PAYPAL OR YOUR DEBIT CARD. SPREAD THE WORD THAT MAY IS BOYCOTT CREDIT CARD MONTH. LETS START THE MOVEMENT RIGHT HERE IN SOUTHERN NJ. LETS DO IT BEGINNING ON FRIDAY MAY 1,2009.

Go Phillies

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