Hearing Announced to Expedite Credit Card Reforms
In April, we ran a piece about how some Democrats had bowed to the wishes of the banking industry and delayed their credit card reforms until next year, even as
Jul 31, 2020122.7K Shares5.1M Views
In April, we ran a pieceabout how some Democrats had bowed to the wishes of the banking industry and delayed their credit card reforms until next year, even as consumers have struggled to keep up amid the recession. Inevitably, the banks have used the delayby busily installing rate and fee hikes to beat the stricter rules to their launch date.
Now, some other Democrats want to expedite the same rules their colleagues delayed. Reps. Carolyn Maloney (D-N.Y.) and Barney Frank (D-Mass.) have introduced legislationto bump up implementation date for most of those reforms from late February to December 1. The House Financial Services Committee, headed by Frank, has scheduled a hearing on the bill next Thursday.
Dexter Cooke
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Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide.
He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina.
Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations.
As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all.
Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
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