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House Proceeding 04-30-09 on Apr 30th, 2009 :: 0:54:10 to 0:56:45
Total video length: 2 hours 32 minutes Stream Tools: Stream Overview | Edit Time

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Walter B. Jones

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

Walter B. Jones: the clerk: amendmentumber 7, printed in house report number 111-92, offered by mr. jones of north carolina. the chair: pursuant to house resolution 379, the gentleman from north carolina, mr. jones, and a member opposed will each control five minutes. the chair recognizes the gentleman from north carolina. mr. jones: mr. speaker, thank

Walter B. Jones

0:54:10 to 0:56:45( Edit History Discussion )
Speech By: Walter B. Jones

Walter B. Jones

0:54:31 to 0:54:52( Edit History Discussion )

Walter B. Jones: you very much. mr. speaker, i first would like to thank chairman frank and mrs. maloney for permitting me to bring this amendment to the floor. this amendment today reflects a personal story that i like to tell in just a very few minutes. a childhood friend of mine died

Walter B. Jones

0:54:53 to 0:55:13( Edit History Discussion )

Walter B. Jones: of cancer in january. his brother is also a very close and dear friend of mine. as the estate executor, had he a very difficult time resolving the outstanding balance of ben's account. he sent four separate letters to the credit card company, capital one, requesting the account

Walter B. Jones

0:55:14 to 0:55:35( Edit History Discussion )

Walter B. Jones: balance amount. he called capital one on four different occasions, he repeatedly faxed, mailed capital one his broer's death certificate and letters of testimony, he was never contacted in return and was unable to gain access to the account balance due. meanwhile, capital one was collecting very high interest

Walter B. Jones

0:55:36 to 0:55:58( Edit History Discussion )

Walter B. Jones: payments on the account. this was unacceptable. for families to take up the practical matterer that must be dealt with soon after a loved one dies. they should not he to chase after creditors and get the run around from poor customer service. this amendment is very simple.

Walter B. Jones

0:55:59 to 0:56:19( Edit History Discussion )

Walter B. Jones: it would require the federal reserve board to establish regulations to allow estate administrators to resolve outstanding credit balances on cred card accounts in a timely manner. this amendment would allow deceased person's estate to quickly settle their account and pay off the remaining debt. according to the congressional

Walter B. Jones

0:56:20 to 0:56:41( Edit History Discussion )

Walter B. Jones: research service, there is no current standard for credit card companies to follow in a timely manner when a deceased person's estate is trying to be settled. this amendment would help estate administrators to quickly and without hassle be able to bring a resolution to the estate. again i'd like to thank the

Walter B. Jones

0:56:42 to 0:56:45( Edit History Discussion )

Walter B. Jones: chairman and mrs. maloney. i'd like to thank my side for permitting me to bring this to

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