Credit card reform bill: "Bye-bye" to Hello Kitty?
The Senate version of a bill forcing credit card issuers to adopt more consumer-friendly terms was approved today, 90-5. According to the New York Times account of the debate on the Senate floor yesterday, Sen. Byron L. Dorgan, D-N.D., criticized a marketing pitch by a major issuer for a "Hello Kitty" credit card aimed at children 10 to 14 years of age, saying, "I'd just love to know the person who thought this up and to say, 'Are you nuts? What on earth are credit companies doing soliciting young kids to get a credit card?' "