Wednesday, September 22, 2010

DC Mary takes the side of credit card companies over Oklahomans

DC Mary Fallin voted against banning predatory lending by credit card companies. 

 The bill prohibited credit card companies from retroactively increasing interest rates on existing balances, issuing finance charges on balances for days not included in the most recent billing cycle, charging fees on outstanding balances created only from interest accrued in the previous billing period and increasing interest rates based on a credit card user‟s credit behavior with other companies. The measure also required companies to send statements at least 25 days before payment was due and give at least 45 days notice before increasing rates.

But for some reason Mary thought it would be a good idea to let credit card companies continue to bury people under massive amounts of debt and unfairly make changes to peoples policies.

DC Mary does it again and shows how little she actually knows about common sense or standing up for Oklahoma.

No comments:

Post a Comment