TV News LIES

Friday, Oct 31st

Last update04:43:24 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...


Congress Still Has No Idea How Much the NSA Spies on Americans

CongressThe biggest lie Americans are told about the NSA is that it is subject to "strict...

Elizabeth Warren is calling for an investigation of the Federal Reserve

Elizabeth Warren"This American Life" did a program on Friday on the information obtained by Carmen Segarra from...

CIA didn't know it had Senate 'torture' report

CIA reportThe U.S. government inaccurately told a federal judge last month that the CIA did not have...

Ohio's James Traficant Dies, Days After Accident On Farm

TrafficantFormer Rep. James Traficant, the Ohio politician whose career included 17 years in Congress and a...
 
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!