House Proceeding 04-29-09 on Apr 29th, 2009 :: 1:13:00 to 1:15:20
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1:12:56 to 1:13:17( Edit History Discussion )

Carolyn B. Maloney: responsibility as stewards of this sacred trust of being a member of congress. this is the time to do something for the american consumer. i yield back. the chair: the gentleman yields back the balance o the gentleman fr mr. gutierrez: i recognize congresswoman maloney for an additional two minutes. the chair: the gentlewoman from new york is recognized for two

1:13:00 to 1:15:20( Edit History Discussion )
Speech By: Carolyn B. Maloney

1:13:18 to 1:13:40( Edit History Discussion )

Carolyn B. Maloney: minutes. mrs. maloney: i thank the gentleman for yielding and would like to respond to some of my good friend's statements on the other side of the aisle. he mentioned the great britain example. but in the great britain example, there were fee capsnd interest rate caps.

1:13:41 to 1:14:01( Edit History Discussion )

Carolyn B. Maloney: the bill of rights doesn't have caps. it gives information to consumers to better manage their credit and make decisions of how they would better manage their credit. he gave the example that he did not want interest going up on consumers who are paying their rds on time and not going over the limit. precisely what this bill does is

1:14:02 to 1:14:25( Edit History Discussion )

Carolyn B. Maloney: protect tse consumers from rate increases. any time, any reason, even when they have done everything right. it's totally, totally unfair. and there is absolutely no penalty in this bill for anyone doing the right thing. if anything, it protects them from unfair and deceptive

1:14:26 to 1:14:47( Edit History Discussion )

Carolyn B. Maloney: practices that could hinder and raise their interest rates. he mentioned that he would like more choice. but that's basically one of the main goals of the bill. this bill -- this is not a bill that takes away consumer choice or infringes on anyone's rights. it simply ss it's not right to

1:14:48 to 1:15:09( Edit History Discussion )

Carolyn B. Maloney: be deceptive, to be unfair or to engage in antimpetitive practices. i would caution my friends on the other side of the aisle that voting against this bill is a rare opportunity to vote against the federal reserve. the body that has the

1:15:10 to 1:15:21( Edit History Discussion )

Carolyn B. Maloney: responsibility of safety and soundness in our financial institutions. they have come out in support of this bill with a rule that mirrors it to a great degree.