TV News LIES

Wednesday, Nov 22nd

Last update05:20:13 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...


Michigan Rep. Conyers denies sexual harassment settlements

Rep. John Conyers denies harassment pay offLongtime Michigan Rep. John Conyers on Tuesday denied settling a complaint in 2015 from a woman...

Congressional aides may have answers on pro-Russia GOP platform change

Paul Ryan chief of staff Jonathan Burks As U.S. investigators probe whether President Donald Trump's campaign orchestrated a Russia-friendly change to the Republican...

2nd woman accuses Sen. Al Franken of improper conduct

2nd woman accuses FrankenA second woman has accused Minnesota Sen. Al Franken of improper conduct, saying he put his...

Colorful Trump associate Sater will cooperate with Feinstein request

Felix Slater to cooperate with Feinstein committee Russian émigré and one-time Trump associate Felix Sater will cooperate with a request by the ranking...
 
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!