Credit Cardholders’ Bill of Rights

Having Credit Card issues?

Here is a response that I received from Bill Nelson in regards to the trouble with credit card debt in America as of now.

Dear Mr. Shaw:

Thank you for contacting me about credit card reform and your support for the Credit Cardholders’ Bill of Rights.

As Congress works to get our economy back on track, I believe that we must also reform credit card marketing and billing practices. I am urging my colleagues in the Senate to consider reforms for all aspects of the financial system, including regulation of the credit card industry.

I am aware of the high fees that some credit card companies charge consumers, in addition to the unscrupulous, abusive and predatory practices by some bad actors within the industry. Indeed, we’ve seen a rapid growth in the number of lenders who target consumers with less-than-perfect credit histories and low-income and minority households with high interest loans. These practices in the area of mortgage lending have had devastating effects on consumers and the country.

Rest assured, I will continue to work toward fair credit practices that protect Florida’s families. Please feel free to contact me in the future.

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