Landmark Credit Card Reform Bill Moves to House Floor - California Congressional Representatives are Split on Vote

By Zack Kaldveer Consumer Federation of California One of the most important Federal consumer protection bills in recent memory – "The Credit Cardholders' Bill of Rights Act" (H.R. 5244) - won approval last night by a vote of 39-27 in the US House Financial Services Committee. This represents an enormous victory by consumer, civil rights, labor and community groups over the largest banks in the world on a regulatory issue that is at the core of their income – marking the second defeat for th