House Proceeding on Jan 15th, 2009 :: 0:20:30 to 0:21:35
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0:20:27 to 0:20:49( Edit History Discussion )

Patrick J. Kennedy: gentleman from rhode island. the speaker pro tempore: the gentleman from rhode island is recognized for two minutes. mr. kennedy: thank you, mr. speaker. i rise to engage in the chairman in a colloquy and revise and extend my remarks. mr. speaker, i'm extremely concerned at the current state of affairs with credit card regulations as my constituents see these extraordinary interest rates affecting their credit cards. i'm amauled that compani that

0:20:30 to 0:21:35( Edit History Discussion )
Speech By: Patrick J. Kennedy

0:20:50 to 0:21:12( Edit History Discussion )

Patrick J. Kennedy: continue to engage in predatory practices like double cycng billing and inaquate notification periods and retroactive rate hikes for these credit cards. and i'm seeing these predatory practices continue in spite of the fact that the federal reserve has recently finalized the rule that will ban many of these predatory practices. unfortunately, these reforms are

0:21:13 to 0:21:35( Edit History Discussion )

Patrick J. Kennedy: not scheduled to go into place until july, 2010. then they'll save our consumers over 0 billion a year. i think it would be outrageous to see us bail out these banks and yet see them also continue to gouge these consumers of ours, these taxpayers at the other end of the ledger on these predatory practices. i'd like to work with the