The Credit CARD Act Of 2007 is a bill currently before Congress aiming to end some of the credit card industry’s anti-consumer practices. Among H. R. 1461’s proposals:

• Advance notice of interest rate increases
• End universal default clauses, the premise that they can raise your credit card interest rate if your credit score changes
• Prohibit credit cards being issued to minors without a parental signature

There’s a slew of other items in there designed to curtail all the sneaky ways credit card companies rack up fees. We think this is a wonderful bill and hope it gets passed.

Use this online form to easily find your representative and tell them to support this important bill.

— BEN POPKEN

PREVIOUSLY: Meet The Credit Card Accountability Responsibility and Disclosure Act of 2007
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