Brown, Cordray stump for Senate passage of credit card reform bill

Cleveland Plain Dealer

Ohio Sen. Sherrod Brown and Attorney General Rich Cordray teamed up today to press the U.S. Senate to pass a credit card reform bill this week, saying it would help Ohioans who are struggling to pay bills.

As part of the effort, they release a map of Ohio from the Federal Reserve Bank of New York showing a county-by-county breakdown of credit card deliquency rates.

S.414 would, among other things, prohibit card companies from increasing interest rates on past-due balances; hiking consumers' interest rates if they fall behind on payments to another company; and marketing credit cards to people under 21, except in certain circumstances.

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Brown, Cordray stump for Senate passage of credit card reform bill »