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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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