TV News LIES

Friday, Apr 25th

Last update02:30:11 AM GMT

You are here News Congress GOP Blocks Freeze On Credit Card Interest Rate Hikes

GOP Blocks Freeze On Credit Card Interest Rate Hikes

E-mail Print PDF

Senate Republicans blocked a Democratic effort Wednesday to immediately freeze increases in credit card interest rates, fees and finance charges.

Senate Republicans blocked a Democratic effort Wednesday to immediately freeze increases in credit card interest rates, fees and finance charges.

Shortly after Democrats passed credit card reform legislation in May, the card companies began jacking up rates in advance of its implementation. Major parts of the act won't take effect until February and August of 2010.

The only way Democrats could pass the bill in time for the holidays would be with the support of the GOP -- all but five of which voted for it initially.

Dodd, on Wednesday afternoon, asked for unanimous consent to move the bill forward.

"On behalf of several senators on this side of the aisle, I object," said Sen. Thad Cochran (R-Miss.). And that's the end of it.

More...


Most Recent Related Stories...


CIA’s use of harsh interrogation went beyond legal authority, Senate report says

CIAA classified U.S. Senate report found that the CIA's legal justification for the use of harsh...

Feinstein: CIA should not lead declassification review of report about interrogation tactics

Dianne FeinsteinThe Chairwoman of the Senate Intelligence Committee has called for the White House—not the Central Intelligence...

Senate GOP blocks pay equity bill

GOP blocks equal pay bill in SenateSenate Republicans banded together on Wednesday to block the Paycheck Fairness Act, a Democratic bill aimed...

Ron Johnson did not tell police of assault allegations against Rep. Bill Kramer three years ago

Bill KramerU.S. Sen. Ron Johnson, his chief of staff and a Waukesha County GOP official were all...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!