FED Lenders - pressure to reform CC lending - OPPORTUNITY Tell them NOW

Posted May 18th, 2008 by pray4truejustice

Do you REALLY want to help the economy? Really?

Do you want to stop the transfer of millions of dollars of wealth leaving the the pockets of our citizens and going to the banks EVERY DAY?

NOW is your chance to make your voice heard!
This is a unique opportunity to get you comments about credit and monetary policy into the PUBLIC forum. All comments will become public record at the Federal Reserve Corp.

Regulation AA - Unfair or Deceptive Acts or Practices
Docket number R-1314

From CC reform org:

The Federal Reserve Board and two other federal banking agencies have released a proposed rule that aims to reform some of the most abusive credit card lending practices. The new proposed rule finally offers some real protections, not just more disclosure.

The Federal Reserve Board said it decided to take action after it received over 2,000 comments from individual consumers describing how they were treated unfairly by credit card companies. This is proof that consumer comments make a real difference.

This important new rule of fair play is just a proposal. This is a three step process and the proposed rule is step one. The banks are fighting hard to weaken the rule before it becomes final. Don't let the banks win! The Federal Reserve Board needs to hear from more than the big bank lobbyists. You can help ensure that the proposal remains strong. It’s critical that the Federal Reserve Board hears from ordinary Americans that they should hang tough against the powerful banks. If you’ve been treated unfairly by your credit card company, tell the Federal Reserve Board your experience and that you support the proposed reforms.

Submit a comment. The official name of the rule is Regulation AA - Unfair or Deceptive Acts or Practices. Include the Docket number [R-1314] to be sure that the Federal Reserve Board sees your comments.

To file your comments:

* by e-mail to regs.comments@federalreserve.gov. Include Docket No. R-1314 in the subject line.

* by fax to (202)452-3819 or (202) 452-3102. Identify your comment by including Docket No. R-1314 on the top of your letter.

* by regular mail to Jennifer J. Johnson, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Ave, NW, Washington DC 20551. Identify your comment by including Docket No. R-1314 on the top of your letter.

* online go to http://www.federalreserve.... (Scroll down and click Regulation AA - Unfair or Deceptive Acts or Practices R-1314)

The comments you submit will be made available to the public, so don't include your account number. You can also leave out your street address if you prefer, though you should include your city.