Senate Judiciary Committee to hold hearing on abusive credit card practices

On Tuesday, Mar. 24 at 10 a.m., The Senate Judiciary Committee will hold a hearing on “Abusive Credit Card Practices and Bankruptcy”.  The hearing will be conducted by the Subcommittee on Administrative Oversight and the Courts. 

The subcommittee’s jurisdiction includes the following as listed on its website:

"Jurisdiction:  (1) Court administration and management; (2) Judicial rules and procedures; (3) Creation of new courts and judgeships; (4) Bankruptcy; (5) Administrative practices and procedures; (6) Legal reform and liability issues; (7) Oversight of the Department of Justice grant programs, as well as government waste and fraud; (8) Private relief bills other than immigration; (9) Oversight of the Foreign Claims Settlement Commission."

I believe that the hearing will focus on legal reform and liability issues, a critical part of the discussion on increased regulation that, for the most part, has been avoided because of its complexity and tedium. 

Among the witnesses is Adam Levitin, a renowned professor at Georgetown University Law Center and an author of the CreditSlips.org blog.  Levitin has appeared in previous hearings about credit cards and is a staunch advocate of increased credit card regulation.

[ View the Official Hearing Notice and webcast link. ]