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Subcommittee on Financial Institutions and Consumer Credit Hearing
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The Credit Cardholders’ Bill of Rights: Providing New Protections for Consumers
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Thursday, March 13, 2008, 10:00 a.m., 2128 Rayburn House Office Building FI and Consumer Credit
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Click Here To View Archived Webcast |
Subcommittee on Financial Institutions and Consumer Credit to Hold Hearing on the Credit Cardholders’ Bill of Rights
Washington, D.C. – Rep. Carolyn B. Maloney (NY-14), Chair of the Financial Services Subcommittee on Financial Institutions and Consumer Credit, announced today that the subcommittee will hold a hearing on the “The Credit Cardholders’ Bill of Rights: Providing New Protections for Consumers,” Maloney’s legislation to end abusive credit card industry practices and provide important consumer protections to credit cardholders. The subcommittee will hear from consumers, legal and economic experts, and credit card industry representatives.
Subcommittee Chairwoman Maloney said, “In recent years, the playing field between card companies and cardholders has become very one-sided. A credit card agreement is supposed to be a contract, but what good is a contract when only one party has any power to make decisions? We need to level the playing field, and the balanced reforms in this legislation will help do just that.”
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Witness List & Prepared Testimony:
- Ms. Elizabeth Warren, Leo Gottlieb Professor or Law, Harvard Law School
- Mr. Greg Baer, Deputy General Counsel, Regulatory and Public Policy, Bank of America
- Mr. Adam J. Levitin, Associate Professor of Law, Georgetown University Law Center
- Mr. John Finneran, General Counsel, Capital One
- Mr. Lawrence Ausubel, Professor, Department of Economics, University of Maryland
- Ms. Carter Franke, Marketing Executive, JPMorgan Chase
- Mr. Oliver I. Ireland, Partner, Morrison & Foerster
- Ms. Katherine M. Porter, Associate Professor, The University of Iowa College of
Available Member Statements: Chair Maloney, Congresswoman Brown-Waite, Congressman Castle
Printed Hearing: 110-100
Related Documents:
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