my care2
make a difference

community & fun

shares

share your passions, stories, inspirations, and more

Nov 19, 2008
Focus: Corporate Responsibility
Action Request: Write E-Mail
Location: United States
In this economy, we don't need the big financial institutions looking to our credit cards to make up for their losses. But right now the credit card companies hold all the "cards," and they can hike interest rates on our balances or charge us higher fees for no reason whatsoever.

The Senate may vote on a bill that will rein in these abuses. The House has already passed its bill, so real reform is within reach. I just sent my Senators an email in support of this bill. Would you take a moment to do the same?

Among other things, the bill would prohibit credit card companies from arbitrarily hiking interest rates on your card balances, and stop 'bait and switch' clauses that let them charge fees and change interest rates for any reason whatsoever.

The bill will help level the playing field for consumers and help ensure that a deal is a deal when it comes to your credit card company. The more consumers the Senate hears from, the better chance we have at putting Main Street, not just Wall Street, first.

You can take action at:
http://www.creditcardreform.org

Thank you!

A hand up, not a hand-out

As Washington struggles with the economic mess, there’s one common-sense financial reform they can do for you right now -- stop companies from squeezing your credit cards for extra cash./>


These reforms won’t cost the Treasury or taxpayers one cent. Rather, they’ll stop the card companies from costing you more money. The House passed these reforms; tell the Senate to do the same now so we can keep our cash to survive in this economy/>.

Stop card companies from randomly hiking the interest rate on your balances for no reason whatsoever
Require them to more fairly distribute your payments to high-interest debt first
Stop them from changing the terms of your agreement until your card expires
Stop heavy marketing of credit to college students
These reforms aren’t a hand-out. They simply make sure you get the credit deal you signed up for, and close loopholes that let the big banks get more of your money.

Tell your Senators to pass this bill now. You shouldn’t pay higher interest rates and fees because the banks need a way out of this financial crisis.
Visibility: Everyone
Tags: , ,
Posted: Nov 19, 2008 2:21pm

 

 
 
Content and comments expressed here are the opinions of Care2 users and not necessarily that of Care2.com or its affiliates.

Author

Ruth L.
female , married, 3 children
Guymon, OK, USA
Shares by Type:
All (245) | Blog (161) | Alert (75) | Message (9)

Showing shares tagged with: actionalert [show all]
SHARES FROM RUTH'S NETWORK
Aug
28
by Gase H.
(4 comments  |  discussions )
 I turned off Religion early in my life & developed finally to a FANATIC Atheist & VERY Anti Christ & the Bible.i would pick on Christians to Attack them & try to Disprove their faith & convince them of the Non Existance of...
(0 comments  |  discussions )
Polling Right-Of-Center Bloggers On McCain's VP Pick Right Wing News emailed more than 240 right-of-center bloggers and asked them to answer 3 questions. The following 67 blogs responded, Absinthe & Cookies, The Absurd Report, The Anchoress, At...
May
19
by Gase H.
(0 comments  |  discussions )
The Bible at your fingertips... Click on any chapter You can now read the Bible at the click of a button.....Just click on the " New International Version"  New International Version (NIV)  See special bonus belowEmergency Numb...
May
16
by Gase H.
(1 comments  |  discussions )
The Bible at your fingertips... Click on any chapter I have never seen anything like this. It must have have taken  a long time to mastermind something like it This is worthy of sending to everyone on your e-list. The bottom one...
Sep
8
(1 comments  |  discussions )
Hopefully you all take this in the right way, and hopefully will take a few minutes to be helpful to a worthy cause.  I try not to bug people with junk.This is a call for signatures to a petition to help stop the LIVE skinning of cats & dogs...
Sep
1
(6 comments  |  discussions )
Why They Hate Sarah Palin   Michelle Malkin has already named it. PDS: Palin Derangement Syndrome. It's the irrational hatred of Vice Presidential nominee Sarah Palin, Governor of Alaska, indulged until the intellect is shattered and only...
Aug
25
(1 comments  |  discussions )
Why Should Atheists Be Pro-Life? By Judy FerrisI am often asked this question. I usually answer, "Why shouldn't atheists be pro-life?" Nobody questions why non-religious persons fight drug abuse, drunk-driving, rape, poverty, crime, etc. Why shoul...
Aug
24
(0 comments  |  discussions )
Reflections on Catholic Politicians and Abortion As a national association whose mission is to strengthen the clergy in their preaching and teaching about abortion, we feel obliged in this election season, in which abortion continues to be a hotly d...
(0 comments  |  discussions )
A Libertarian Atheist Answers 'Pro-Choice Catholics' by Doris GordonMany who say they are personally opposed to abortion nonetheless support keeping abortion legal. Such a stance is often taken in the Catholic community, particularly by Catholics i...
(0 comments  |  0 discussions )
Can you be Catholic and pro choice? By Father William Saunders Sometimes I meet Catholics who say, "I am personally against abortion, but I am pro-choice." To me, that makes no sense, but how can I argue with them? -- A reader in Springfield...

Copyright © 2009 Care2.com, inc. and its licensors. All rights reserved