Congress Passes Important Credit Card Bill with Gun Amendment Slipped in

May 20, 2009

US (ChattahBox) – A new amendment has been passed by an overwhelming majority of Congress, which will more heavily regulate the actions of credit card companies, in an attempt to stop abusive business practices.

The measure, which was had a vote result of 361/64, would make it more difficult for cards to be issued to college students, eliminate the practice of sudden, unexplained interest rate increases, and make it impossible for rates to be increased on current balances, unless the cardholder was more then 2 months delinquent on the account. It will also force companies to more clearly state their terms, eliminating confusing language.

While that bill gained a mass of support, another one tied in within the same legislation has caused controversy.

The amendment would allow people to have guns in national parks, a move that many say would disrupt the safety of the area.

“This is a dumb amendment, and Congress should be embarrassed that we have to vote on it,” Rep. Sam Farr (D-Cali) told the House.

The two bills go into effect as laws this afternoon.


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One Response to “Congress Passes Important Credit Card Bill with Gun Amendment Slipped in”

  1. Credit Card Business, Credit Cards Business - American Airlines sees thawing in credit markets - Financial Times « Credit Card Business on May 20th, 2009 10:32 pm

    […] Congress Passes Important Credit Card Bill with Gun Amendment Slipped – Chattahbox.comUS (ChattahBox) – A new amendment has been passed by an overwhelming majority of Congress, which will more heavily regulate the actions of credit card companies, in an attempt to stop abusive business practices. The measure, which was had a vote […]

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