Action Alert

Contact your reps: Bankruptcy Reform, NO Write your senators and representatives to oppose the Consumer Bankruptcy Reform Act "The Consumer Bankruptcy Reform Act" (now S.256 & H.R.685). This legislation would make it more difficult for people turning to bankruptcy as a last resort to actually discharge their credit card debts. Half the people filing for bankruptcy are doing so due to medical bills on top of credit card bills. People are forced to pay their skyrocketing healthcare bills with credit cards. The credit card company profits are up over 100% and they only want more. This bill only hurts people that need the most help and leaves in all the loop holes for the wealthy. The industry was Washington's single largest contributor in 2000. Senator Charles Grassley (R-IA) is the main sponsor of the bill in the Senate, and Democrats Kennedy (MA) and Durbin (IL) are leading the fight against it. Contact your representatives now. With the threat of consumer bankruptcy defused, issuers will have no reason to refrain from escalating the fee and penalty rate waves they've been riding to record profits in recent years. The Nation -- Compose a Message