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Kerry Supports Consumers Against Credit Card Companies

Press Release

Date: May 19, 2009
Location: Washington, DC
Issues: Finance and Banking


Kerry Supports Consumers Against Credit Card Companies

Senator John Kerry (D-Mass.), a senior member of both the Commerce and Finance Committees, today voted in favor of legislation to help Americans facing serious credit card problems. The bill passed the Senate by a vote of 90 to 5.

"We've got too many hard working families in Massachusetts struggling to keep their heads above water, and the last thing they need is to get whacked with unfair credit card fees," said Kerry. "This emergency legislation protects consumers from the abusive, confusing, and deceptive practices that are too commonly employed by credit card companies. This bill will prevent unjust spikes in interest rates, prohibit exorbitant and unnecessary fees, and protect responsible credit card users including young people targeted by aggressive and irresponsible marketing offers."

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