Monday, March 17, 2008

Credit industry still being dicks

Seems that just before consumers were going to speak about how they were abused by the credit industry, Republicans wanted them to sign a surprise waiver that would have them give up their privacy rights to the same credit industry - forever. For some reason, these people balked. Can't imagine why.

They'll be coming back in April to testify again - but what's at issue here are some laws that prevent the worst abuses in the credit industry - like changing your rates without good cause (after tempting you in with a good lower rate), or fining you for paying you bill on time.

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