TV News LIES

Monday, Jun 30th

Last update03:06:18 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...


US Senate votes down resolution to restrict Trump from escalating Iran war

War powers resolution voted down Senate Democrats failed on Friday to get a war-powers resolution passed to limit Donald Trump’s ability...

Sanders criticizes Trump decision to bomb Iran as ‘grossly unconstitutional’

Bernie SandersSen. Bernie Sanders (I-Vt.) at a rally in Oklahoma blasted President Trump’s decision to bomb Iran...

Democratic senators rent space at the Kennedy Center to host a Pride event

Kennedy Center A group of Democratic senators and Hamilton producer Jeffrey Seller are hosting a Pride celebration at...

Senate Parliamentarian Tells Republicans They Can't Do Their Big Food Benefit Cut

SNAPA decision by the Senate’s rules referee will likely force Republicans to drop a major part...
 
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!