Bankruptcy Blog: May 15, 2005

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May 15, 2005 9:19 a.m.

Do you get burned up over credit card practices? Think it isn’t fair that they can change the price of the credit after you borrow the money — even if you make your payments on time? Aggravated over bait-and-switch advertising? Stung by fees that you think are unfair? Do you even know the terms of your credit cards?

On Tuesday the Senate Banking Committee will be holding hearings about disclosure and marketing in the credit card industry. They have some real live witnesses: VPs from Capitol One and CitiCards, and the acting director of the Office of the Controller of the Currency — the head of the agency partly responsible for regulating national credit cards.

These people are supposed to be there to answer hard questions. So how about asking some? Give us some questions, and we’ll post them. There will be some good consumer advocacy folks testifying, and Senators Akaka and Feinstein are also planning to testify. We think some of the questions you want to pose just might get asked. And if they get asked, we can talk about the answers.

This is your chance. What do you want to know?

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