Credit CARD Act contains amendment inspired by this campaign
Despite the fact that the Credit CARD Act does not outlaw credit card redlining, I am proud of this campaign’s unyielding demand for change, which led to an important amendment in the final bill signed by President Obama on May 22.
The amendment, found in Section 505, requires within one year of the bill’s enactment that the Federal Reserve, Federal Trade Commission, and other federal banking agencies report to the House and Senate banking committees to what extent banks assess a customer’s credit worthiness based on where he or she shops.
While waiting for the report—which will serve as the basis for recommended regulatory or statutory changes—I will continue to work with legislators at the federal and state level to fight for and craft stronger credit card regulation. Until the dignity and merit of responsible consumers in my beloved community are respected, this will be an issue for which I fight passionately.
Greetings! I’m Kevin D. Johnson, a business owner who has recently assumed the role of consumer advocate and internet activist. Atlanta, Georgia is my home.
Upon returning from my wonderful honeymoon in Jamaica in October 2008, I received what I thought was an ordinary American Express bill, but to my surprise it was a disappointing letter informing me that my credit line was reduced by about 65% for a highly suspicious and discriminatory reason. Considering my excellent credit score and pristine payment history, it just didn’t make sense. However, what does make sense are the unfair and insidious policies that I have uncovered when asking why. It is time to change them.
I created this web site to document and share my challenging journey to change what is wrong, unfair, and unjust in the credit card industry. The ultimate goal of this web site is to inform consumers of ways to stand up for themselves against treacherous business practices and to educate consumers about how to improve their credit. Finally, I hope to encourage a more open dialogue with credit card companies about their policies–good and bad.
I am proud to say that this blog's unyielding demand for change led to an important 
I hope that the report targets the interest of the consumers and not the banking institutions.
Posted by: Payday loans | February 16, 2012 at 10:03 PM
way to make a change, kj. i cant wait to see what that report says. it might spark some law suits or fines by the federal trade commission like the compucredit case.
Posted by: erica | May 30, 2009 at 06:04 AM
That's awesome. I cannot wait to see that report. There seems to be an inherent conflict of interest though. The banking institutions are set up to protect the banking institutions, not necessarily the consumer, so I would be shocked if the report is unbiased. But how can we know? If the report is totally condemning, I guess.
Posted by: Howard E. | May 29, 2009 at 05:53 PM