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House Proceeding on Apr 30th, 2009 :: 0:53:30 to 0:55:45
Total video length: 1 hours 12 minutes Stream Tools: Stream Overview | Edit Time

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Jesse L. Jr.Jackson

0:53:26 to 0:53:46( Edit History Discussion )

Jesse L. Jr.Jackson: the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from colorado. mr. perlmutter: i would like to yield two minutes to the gentlewoman from texas, ms. jackson lee. the speaker pro tempore: the gentlewoman fr texas is recognized for two minutes. ms. jackson lee: i ask unanimous consent to revise and extend my remarks. the speaker pro tempore: without objection, so ordered. ms. jackson lee: madam speaker,

Jesse L. Jr.Jackson

0:53:30 to 0:55:45( Edit History Discussion )
Speech By: Jesse L. Jr.Jackson

Jesse L. Jr.Jackson

0:53:47 to 0:54:09( Edit History Discussion )

Jesse L. Jr.Jackson: this has b america, fighting the virus and coming together as a nation, but at the same time this congress and this administration has invested in america going forward with resolution and thank, thank thank, thank whoever you desire to thank, including the sponsors of this bill, finally a credit

Jesse L. Jr.Jackson

0:54:10 to 0:54:30( Edit History Discussion )

Jesse L. Jr.Jackson: card holder's bill of rights. last year in 2008, $19 billion in penalty fees on families with credit cards dealing with late fees, over-the-limit fees, and other personalities this year $20 billion, this is crashing down on the heads of hardworking families.

Jesse L. Jr.Jackson

0:54:31 to 0:54:55( Edit History Discussion )

Jesse L. Jr.Jackson: college students, enough is enough. i am proud to stand up and support legislaon that says to the american people, you are in charge. not the abusive, under-the-table, focus of credit card companies who continuously handle their business wrong-headedly. charging over-the-limit fees and

Jesse L. Jr.Jackson

0:54:56 to 0:55:17( Edit History Discussion )

Jesse L. Jr.Jackson: therefore this bill will limit to the number three the number of over-the-limit fees companies can charge for the same transaction. can you imagine they were doing it over and over and over again. ends unfair double cycling billing, end the fact that you might be paying your bill on time and yet they raise your interest rate without notice. an amendment that i support as well, that indicates that if you

Jesse L. Jr.Jackson

0:55:18 to 0:55:38( Edit History Discussion )

Jesse L. Jr.Jackson: are to lose your card, the credit card companies should noti da before closing their accounts, giver the reason for closure, options to keep the account open, programs available toepay the balance, and the resulting impact on their credit score. sometimes people are surviving on their credit card, but they are paying their bill. but yet the credit card companies have no mercy.

Jesse L. Jr.Jackson

0:55:39 to 0:55:46( Edit History Discussion )

Jesse L. Jr.Jackson: and they don't have any mercy when they go on college campuses and the parents don't even know that the children have it.

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