I am writing today to announce the closure of the New Mexico Independent. After three and a half years of operation in New Mexico, the board of the American Independent News Network, has decided to shift publication of its news…
While environmental activists played their part yesterday during demonstrations at the capitol building, going so far as to dress up as solar panels and to sing the tune of “You Are My Sunshine,” their counterparts, the anti-cap-and-trade contingency who has…
Roughly one quarter of University of New Mexico students are unimpressed with the state’s flagship public school, according to a survey that questioned college students about their higher education experiences.
On Tuesday afternoon the U.S. Senate passed by an overwhelming margin a bill that would crack down on credit card companies’ business practices that consumer advocates say take unfair advantage of consumers. The House passed a similar version of the Credit Card Accountability Responsibility and Disclosure Act of 2009, or CARD Act, on April 30. The two bills will need to be reconciled before a final version is sent to President Obama, who has said he wants to sign the legislation before Memorial Day.
“This is a strong step in the right direction,” said Rebecca Branch, deputy director of the Consumer Protection Division of the New Mexico Attorney General’s Office. “I think this will help out consumers in New Mexico. It is very, very needed reform.”
Branch’s office reviews complaints from card holders who feel they’ve been, well, screwed by credit card companies. Just today, she said, her office received a half dozen more complaints about interest rate hikes.
The CARD Act would prevent credit card companies from raising rates for no reason, raising rates because a cardholder paid another bill late or raising rates retroactively, among other measures.
