House Financial Services Puts Card Complaints on Agenda
WASHINGTON -- Consumer complaints about how credit card issuers treat them and their concerns have moved onto the agenda of the House Financial Services Committee, according to a joint statement from the chairman of the Committee and the chairman of one of its subcommittees.
Representative Barney Frank (D-Mass), chair of the committee and Carolyn Maloney (D-N.Y.), chairwoman of the Financial Institutions and Consumer Credit Subcommittee, issued the following statement on card issues:
"The problems and concerns consumers are having with credit card companies are definitely on the agenda of this committee, and we will be scheduling hearings in the near future to investigate these issues. The Subcommittee on Financial Institutions and Consumer Credit will be taking the lead on scheduling and conducting hearings to examine consumer complaints with respect to credit cards, and the subcommittee will be scheduling hearings soon."