That’s what happened to Robin Fox, hit with a massive rate increase on her credit card balance even though she paid her bills on time.That’s what happened to Andrew Giordano, who discovered hundreds of dollars in overdraft fees on his bank statement –- fees he had no idea he might face.Both are here today.Well, with this law, unfair rate hikes, like the one that hit Robin, will end for good.(Applause.)And we’ll ensure that people like Andrew aren’t unwittingly caught by overdraft fees when they sign up for a checking account.(Applause.)
With this law, we’ll crack down on abusive practices in the mortgage industry.We’ll make sure that contracts are simpler -– putting an end