

We Need to Reform Credit Card Industry
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05/16/06 05:33 AM ET
Credit cards are good things. They have helped people pay for items they want and need, and that is good for the economy. But some warning signs signal a need for some changes. That is why I have introduced legislation that takes some simple, common-sense steps to stop abusive practices by credit card companies, educate cardholders, and stiffen the penalties for violations. I think it deserves to be enacted.








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