Boyda backs changes to credit card rules

Congresswoman Nancy Boyda is backing changes to the Truth in Lending Act that would make signing up for a credit card more transparent and fair for consumers.

As reported by WIBW TV in Topeka, Boyda's co-sponsoring the bill, which is now on its way to the United States Senate.

Boyda says she believes credit card companies have all the power and consumers "don't even have a fighting chance a lot of the time."

The proposal would also require a credit card bill be sent 25 days before payment is due.. and for the company to give 45 days notice before changing your interest rate.

Video of the interview can be found here.