Protecting Consumers from Unchecked Interest Rates-Sheldon Whitehouse.

It's time for Congress to restore to the fifty states the power to protect their people. Joined by Senators Jeff Merkley (D-OR), Dick Durbin (D-IL), Bernie Sanders (I-VT), and Carl Levin (D-MI), I filed an amendment to the Wall Street reform bill, which has been endorsed by the AARP and dozens of consumer groups including the Consumer Federation of America, Consumer Action, the Consumers Union, and the National Consumer Law Center (on behalf of their low-income clients). These groups are on the front lines of consumer protection and know the frustrations of fighting against out-of-state credit card companies that have unilateral discretion to raise rates, often for any or no reason.http://www.huffingtonpost.com/sen-sheldon-whitehouse/protecting-consumers-from_b_569357.html