The hearing room hadn't even cooled off before we received this email from reader JA:

Did I hear an attorney lie to Congress?

I watched the hearings today. I missed the first hour due to time constraints, but I did catch most of it.

MBNAs Honorable Louis Freeh, Senior Vice Chairman and General Counsel has specifically and clearly denied that MBNA uses Universal Default yet there is this complaint on the Consumer Affairs website. Did he lie to Congress or is the Consumer Affairs website reporting wildly off base? Is there a penalty for perjury when testifying before Congress?