(WASHINGTON, D.C.) – Congressman Jamie Raskin (MD-08) today joined Democratic Policy and Communications Committee (DPCC) Chair David N. Cicilline (RI-01) and 44 colleagues in calling on the nation’s largest credit card companies to stop collecting interest and waive all late fees until the COVID-19 pandemic has ended.
The Members wrote: “The COVID-19 pandemic will present many hardships for Americans across the nation. We believe that you, as our country’s largest credit card issuers, have a unique opportunity and responsibility to help mitigate some of the financial harms Americans face as a result of this pandemic. Specifically, we urge you to cease collecting interest on balances and waive all late fees during the duration of the COVID-19 pandemic.”
The full text of the letter is available here.