Top Stories

The New Mexico Independent going forward

By | 11.16.11

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…

EIB hears more anti-cap-and-trade testimony

Mesa Verde 80
By | 11.10.11

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…

New Mexico’s largest university low in popularity

jobs-80
By | 11.10.11

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.

U.S. House sends credit card reform bill to Obama’s desk

By | 05.20.09 | 2:22 pm

In late April, the U.S. House of Representatives passed their version of a credit card reform bill. Last week, President Barack Obama spoke in Rio Rancho about the need for the legislation. Yesterday, the U.S. Senate approved a similar bill.

And today, the House made it official and passed the Senate’s version of the bill, sending the credit card reform legislation to Obama’s desk for his signature.

There were actually two votes. One was to approve everything the Senate voted for except for section 512 of the Senate amendment. This provision was an amendment tacked on by Sen. Tom Coburn, an Oklahoma Republican, which would allow guns in national parks.

On the first vote, the one to agree all of the bill except for the amendment to allow guns in national parks, all three members of the New Mexico House delegation voted for it. On the vote to allow guns in national parks, Rep. Ben Ray Lujan voted against it while Reps. Heinrich and Teague both voted for the provision.

“This bill takes common sense steps to protect families from unfair credit practices — safeguarding families from retroactive charges, excessive fees, arbitrary rate increases and misleading terms,” Lujan said in a statement.

Congressman Harry Teague said that the “bill will protect credit card holders from things like: retroactive charges, excessive fees, arbitrary rate increases and misleading terms — those are assurances every consumer deserves.”

Comments