House Passes the Credit Card Bill of Rights
In case you missed it, the House of Representatives has passed the Credit Card Bill of Rights by a 312-112 margin. This bill, which still has to pass the Senate and be signed into law by the President, puts into law a number of new regulations designed to protect Americans from “abusive lending practices.”
Honestly, I’m surprised that slightly more than a quarter of the House would vote against this, as there’s no real downside for the people they’re supposed to be representing. Interestingly, the House Democrats voted 228-1 in favor of the measure, whereas House Republicans voted 111-84 against it. If you’re curious to see how your Rep voted, you can check the list here.
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Shows you where their priorities lie, I guess.
Comment by Blaine Moore — Sep 26th 2008 @ 4:36 pm