Hidden penalties, sudden interest rate hikes, deceptive language — those are just some of the abusive practices of credit card companies that Congress is trying to stop.
Consumer advocates applauded last week’s committee votes on two historic bills to reign in the industry. But before a final bill reaches Obama’s desk, there could be months more haggling — one last chance for card company lobbyists to delay or kill the reforms.
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Tor Sandberg is the program director for rabbletv. When Tor was 8 years old, the two schoolyard bullies, Allen and Roger, made up a mean little ditty about him. “Let’s tear Tor in the Northwest... More by Tor Sandberg
