Consumer Debt - Are Credit Cards Bankrupting Americans: Hearing Before the Subcomm. on Commercial & Administrative Law of the H. Comm. on the Judiciary, 111th Cong., April 2, 2009 (Statement of Associate Professor Adam J. Levitin, Geo. U. L. Center)

Authors

Adam J. Levitin, Georgetown University Law CenterFollow

Document Type

Congressional Testimony

Publication Date

4-2-2009

Abstract

I urge the Congress to take up a comprehensive program of credit card reform legislation. While repealing parts of the BAPCPA is a key element to creating a fair and sustainable card lending industry, that alone will not eliminate predatory lending models. Instead, I strongly urge the Congress to consider mandating term standardization and price structure simplification for credit cards.