House Proceeding 04-30-09 on Apr 30th, 2009 :: 0:59:35 to 1:00:35
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0:59:31 to 0:59:52( Edit History Discussion )

Barney Frank: i believe we can and must end these practices like earliest possible date. mr. frank: will i take back my time. the gentlewoman h staunch advocate of this. let me say regret we were in a situation where we weren't able to move the date up for a variety of reasons. i will say this, if the banks,

0:59:35 to 1:00:35( Edit History Discussion )
Speech By: Barney Frank

0:59:53 to 1:00:13( Edit History Discussion )

Barney Frank: the credit card issuers, use the time between now a the effective date in a way that is abusive of customers, if they use the time not simply to get ready for the change which they say they need but if they use the interim period to raise rates on people retroactively and to do other things that are abusive, to me that will be a

1:00:14 to 1:00:36( Edit History Discussion )

Barney Frank: very strong argument for speeding up the date. now, the senate hasn't this bill yet and it doesn't become law until they do. if we see a padern o card companies using the time lag to engage in practice that is this bill seeks to stop in an excessive way, then i willrge my senate colleagueto speed up