Monday, March 14, 2005

Glenn, Read your Email

Instapundit links to this post suggesting that any bankruptcy reform should "require credit card issuers and consumer lenders to prominently disclose information about (a) penalty rates and fees, and (b) the proportion of clients currently paying those fees."

Which if you read this space, you know to be already in the bill. Quoth the WaPo, from the day after the bill passed the Senate:

Otherwise the bill remained essentially as it was introduced. It would require credit card companies to give customers more information on how much longer it will take to pay off their balances by making minimum payments, a requirement the industry fought but eventually agreed to.

Either there is a massive disinformation campaign afoot, from one side or the other, or somebody isn't reading the bill (and for disinformation to be successful...).

Still no word from Instapundit. One of us is going to end up with egg on his face.

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