Tom Carper’s 40-Year Record of Defending Banks is Being Challenged by Kerri Harris in a Democratic Primary

Summary: It was October 1987, and the House of Representatives was debating a bill written by then-Rep. Chuck Schumer that would disclose more information to prospective credit card customers. The legislation would ultimately create the “Schumer box” — the part of a credit card agreement that lists interest rates, terms, and fees in large type. Liberal Democrats wanted more than just disclosure. Illinois Rep. Levi Annunzio submitted an amendment to limit the allowable interest rate on all U.