Senator Bernie Sanders (I-Vt.) has for years been a champion for workers and consumers in Congress. You can check out his website which contains interesting updates and information.
Recently, he called it absurd that federal regulators put off until July 2010 new regulations that would protect consumers against credit card industry abuses. Read the article on his website for further details.
For far too long, credit card companies have imposed exorbitant interest rates and unduly harsh fees and penalties on consumers who have no means to challenge them since the industry operates in lockstep. Now is the time, with the Democrats in control of both Houses and Obama assuming the presidency, and in light of the severe recession that is hurting millions of Americans, for Congress to enact regulations that will curtail credit card industry abuses.
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