ManyCL&P readers no doubt read Credit Slips regularly, but those who don't should read this post by Professor Warren. At a House Subcommittee hearing on credit card abuses and the credit card holder's bill of rights legislation, four consumers were unable to testify. Their elected representatives and the credit card companies had worked out an extraordinary set of conditions on their appearance. The four consumers were asked to sign releases so that the credit card companies could publicly disclose anything and everything about their credit card accounts, in the interest of "fairness."
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