Take Action: Stop Wall Street Greed - Tell Congress About Credit Card Rip-Offs

STOP WALL STREET GREED
Tell Congress About Credit Card Rip-Offs

The greed and recklessness of Wall Street has created the most severe economic recovery since the 1930s. Millions of people have lost their homes and savings, and 17 percent of our people are unemployed or underemployed. Wall Street is now spending billions of dollars on lobbying and campaign contributions to make sure that they can continue to act in the reckless and unregulated manner which led us to where we are today. We cannot allow that to happen.

Among other very important reforms, Congress must stop big banks from ripping off consumers by charging credit card interest rates of 35 percent or more. That is why I will offer an amendment to stop usury in America and place a reasonable cap on what lenders may charge credit card customers, similar to the limit already in place and working well for credit unions.

Here’s how you can help. Members of Congress definitely will hear from the big bankers and their well-paid lobbyists. I think they need to hear from you too. They need to hear about your real-world experiences with these loan sharks in three-piece suits. Let me know how credit card companies have treated you, and I will read some of your stories on the Senate floor.

• Send an e-mail about your experience with credit card interest rates.
• Read more about ways to make the financial reform bill better.
• Take our survey on credit cards, regulating Wall Street and the role of the Federal Reserve.