Cool! Strike 2!

[lonestarnot]

Strike two.

Thanks to your calls and e-mails, yesterday the U.S. House of Representatives threw a fastball past the banks. Despite a flurry of opposition letters and ads from bank associations and even the President, the House overwhelmingly enacted the bi-partisan Credit Cardholders Bill of Rights on a 312-122 vote, banning the worst unfair credit card tricks and traps.

If we can, we'll attach the bill to any bailout of Wall Street Congress moves. But the House victory is a win on its own, since it sends a strong message to the Federal Reserve not to weaken its proposed rules.

It's one more victory for the public interests that we couldn't have accomplished without you. And it's one strike closer to striking out the credit card companies in the next Congress.

With your help, we'll be there. Of course, your financial support will put us in even better shape for the next "at-bat." Please consider making a special contribution today.

http://www.arizonapirg.org/membership

Thanks again.

Diane E. Brown
Arizona PIRG Executive Director
[email protected]
http://www.arizonapirg.org

P.S. Watch for more updates on the way about the Wall Street bailout. Our chief consumer advocate, Ed Mierzwinski, is working to make sure that Congress doesn't hand the administration a $700 billion blank check -- that bill must hold Wall Street accountable, while protecting consumers and taxpayers