By The Service Employees International Union
WORKING FAMILIES, MERCHANTS SEND JOINT MESSAGE TO LAWMAKERS
Washington, D.C. – July 15, 2008 – In a groundbreaking joint effort by the nation’s fastest growing union and trade associations representing merchants, the Service Employees International Union (SEIU), Food Marketing Institute (FMI), National Association of Convenience Stores (NACS), and the National Grocers Association (N.G.A.) sent a letter to every Member of the House of Representatives today calling on Congress to stop the nation’s biggest banks and credit card companies from continuing abusive practices which harm American consumers and businesses. The groups jointly urged Congressional action to pass the Credit Cardholders’ Bill of Rights Act of 2008 (H.R. 5244), the Credit Card Fair Fee Act (H.R. 5546 and S. 3086), and the Credit Card Interchange Fees Act of 2008 (H.R. 6248).
“The biggest banks have put working families and the economy on a rollercoaster – but regulators aren’t paying enough attention to make sure it doesn’t go off the track,” said Stephen Lerner, Director of the SEIU Private Equity Project. “Lawmakers and regulators have to act before the fees and bad practices hurting consumers derail the economy altogether.”
Read More
Posted on July 16, 2008