Location: Room 106, Dirksen Senate Office BuildingOpen in New Window
The Permanent Subcommittee on Investigations held a hearing, "Credit Card Practices: Unfair Interest Rate Increases," examining the circumstances under which credit card issuers may increase the interest rates of cardholders who are in compliance with the terms of their credit cards. This hearing was a followup to the Subcommittee’s March 2007 hearing which examined practices related to credit card grace periods, interest charges assessed against debt that was paid on time, and excessive fees.
JANET HARDDownload Testimony (15k)ConsumerFreeland, MI
BONNIE RUSHINGDownload Testimony (16k)ConsumerNaples, FL
MILLARD GLASSHOFDownload Testimony (13k)ConsumerMilwaukee, WI
ROGER C. HOCHSCHILDDownload Testimony (44k)President and Chief Operating OfficerDiscover Financial ServicesRiverwoods, IL
BRUCE L. HAMMONDSDownload Testimony (68k)President, Bank of America Card ServicesBank of America CorporationWilmington, DE
RYAN SCHNEIDERDownload Testimony (89k)President for Card ServicesCapital One Financial CorporationMcLean, VA