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Nov 7, 2009

Focus:Consumer Rights
Action Request:Petition
Location:United States

          Mark Udall | United States Senator for Colorado   Offical Web Site Issues Get Help with a Federal Agency Contact Information       TAKE ACTION: Stop Credit Card Companies from Unfairly Raising Rates!
Greetings

Click to sign the petitionIn May, the president signed sweeping new legislation to protect consumers from abusive credit practices.

The bill, which I cosponsored, gave credit card companies until February 2010 to institute common sense reforms, like requiring advance notice of interest-rate increases, banning the practice of universal default, and protections for young people.

Instead of using this "grace period" to update their computer systems and implement the new policies, credit card companies put the squeeze on hard working, responsible credit card users by unfairly jacking up their rates.

Click here to sign my petition telling credit card companies to stop taking advantage of their customers.

Take Ginny Teel, a small business owner whose company "10 til 2" helps pair businesses with professionals looking for part-time work. Like many small business owners, Ginny relied on her credit card to start her business.

But one day, she got a letter in the mail from her bank notifying her that they had doubled her interest rate from 11% to 22% for no reason.

The letter concluded with: "These changes are not a reflection of how you managed your account with us or your credit score." In other words, they did it because they could.

Credit card companies are gaming the system to get rate and fee hikes in before the new rules go into effect. It's wrong, and it has to end.

Please sign my petition today, and help me in my fight against credit card companies that take advantage of their customers.

It won't be an easy fight, but it's the right thing to do, and if we join together, we can stop these abusive credit card practices.

Thank You,

Mark Udall

 

       

Regional Offices & Contact Information

Washington, D.C. Office
Hart Office Building
Suite SH-317
Washington, D.C. 20510
P: 202-224-5941

Northwest Region
Jay Fetcher
Regional Director
P.O. Box 866
Clark, CO 80428

Central Mountain Region
Matthew Sugar
Regional Director
P.O. Box 743
Tabernash, CO 80478

Denver Office
999 Eighteenth Street
North Tower, Suite 1525
Denver, CO 80202
P: 303-650-7820

Colorado Springs Office
2880 International Circle
Suite 107
Colorado Springs, CO 80910
P: 719-471-3993

Toll Free for Coloradans
877-7-MUDALL
(877-768-3255)

Grand Junction Office
400 Rood Avenue
Suite 215
Grand Junction, CO 81501
P: 970-245-9553

Greeley Office
801 8th Street
Suite 140A
Greeley, CO 80631
P: 970-356-5586

Pueblo Office
107 West B Street
Pueblo, CO 81003
P: 719-542-1701

Durango Office
954 East 2nd Avenue
Suite 106
Durango, CO 81301
P: 970-247-1047

To unsubscribe from Mark's Newsletter, please visit the unsubscribe page here:
http://markudall.senate.gov/?p=newsletter_unsub

 

Visibility: Everyone
Posted: Saturday November 7, 2009, 6:19 pm
Tags: money abuse credit payoffs scams theft rates mark-udall [add/edit tags]

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                  TAKE ACTION: Stop Credit Card Companies from Unfairly Raising Rates! Greetings In May, the president signed sweeping new legislation to protect consumers from abusive cre...


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