an offer for a credit card is not some kind of license to steal - to use the money to buy stuff and then thumb your nose at the issuers when they look to be paid. I get plenty of CC offers just like everyone else does, mine go into the shredder.
Again you miss the point, not suprisingly. If you issue a credit card to someone with no money and a track record of not paying their bills... guess what, you are going to have to face the fact you loaned money to a deadbeat. You should do everything in your power to make sure that doesn't happen again.. that's called being responsible! However, banks don't do that do they? They keep on lending money out to folks who have no way in hell of repaying and whine to Uncle Sam to bail them out.
Sorry this bill is nothing more than welfare for bad business practices. You loan money to poor borrowers, you go out of business... well at least you used to, until the Republican's sold out responsibility for campaign donations!
This bill makes it tougher to file Chap 7 bankruptcy, which means Chap 13 bankruptcy attorney's are going to get more business thanks to this law... and EVEN THEY ARE AGAINST IT! It is that flipping bad of a law!!
The Republican's on this law basically lived up to every criticism they have gotten about selling out to corporate america. I'm a life long republican, but this law is a travesty, and smacks in the face of responsibility.