Senator Sheldon Whitehouse
@senatorwhitehouse·303K subscribers·2.2K videos
Rhode Islander Doug Corey: I Can Put a Face on Credit Card Problems
Posted
March 25, 2009
Views
279
March 25, 2009
279
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2:52Now PlayingDoug Corey, of North Scituate, RI, wrote to Sheldon about the excessive interest rates he was being charged by his credit card company. In response, Sheldon invited him to testify before a Judiciary subcommittee hearing he held to examine abusive lending practices. In this story, Doug describes dealing with excessive credit rates as a "tightrope walk," and explains how a simple oversight caused his interest rate to be doubled to 28.99 percent.
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