Released: May 17, 2005

Joint recommendations for abating unfair credit card practices

Consumer Action, Consumer Federation of America, Credit Card Nation and U.S. PIRG outline suggestions for reform

Contact: Linda Sherry (202) 544-3088 or Joseph Ridout, (415) 777-9648

Linda Sherry of Consumer Action, Travis Plunkett of the Consumer Federation of America, Edmund Mierzwinski of the U.S. Public Interest Research Group and Dr. Robert Manning, author of Credit Card Nation, will represent the consumer interest in a Senate Banking Committee hearing on credit card industry practices today. "Solutions are needed to equal the playing field between credit card issuers and consumers," said Linda Sherry. "We offer these joint recommendations to eliminate reckless and abusive lending by credit card companies, end unjust interest rates and fees, empower consumers with more detailed information and increase penalties to deter illegal acts."

Downloads

Joint recommendations for abating unfair credit card practices   (Platform.pdf)