4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

Credit Card Reform: Priceless

On November 4, Congressman Bob Filner of the 51st District, an area covering south San Diego County, was one of 331 congressional representatives who voted in favor of the Expedited CARD Reform for Consumers Act. The measure moves up the date that credit card reform is set to take place from the initial February 22 start date to immediately after President Barack Obama signs the bill into law.

In a November 6 press release, Filner says that if the date wasn't changed, credit card companies could potentially "take advantage of the implementation period" by increasing fees, interest rates, and hiking up minimum-payment amounts as a way to run up profits before the reform measure goes into effect.

"I commend my colleagues in Congress for recognizing the card companies' deceitful tactics and acting with speed to protect American consumers," says Filner.

According to Filner's press release, the legislation protects consumers against credit card companies’ "double-cycle billing and due-date gimmicks."

"The common-sense reforms in this bill will bring transparency and fairness to the credit card industry and will provide customers with the information they need to make smart financial decisions," reads the press release.

Filner uses the current recession as the main reason for the bill. Expediting the bill, according to Filner, will "level the playing field between consumers and credit card companies and provide much-needed financial relief to consumers."

Filner wasn't the only congressional delegate from San Diego County to vote for the Expedited CARD Reform for Consumers Act. In fact, all congress members from the county voted in favor of the bill. However, representatives Brian Bilbray, Darrell Issa, and Duncan D. Hunter Jr. did vote for the Republican version of the bill, which was defeated, before supporting the Democrat's version of the bill.

To read Congressman Filner's entire press release, visit house.gov/filner/.

Here's something you might be interested in.
Submit a free classified
or view all

Previous article

The La Jolla fish named after Giuseppe Garibaldi

They totally ignore you and carry on nibbling like you’re just a piece of driftwood
Next Article

San Diego skate parks rule Tokyo

Will Cortez coaches up here, hits TJ streets

On November 4, Congressman Bob Filner of the 51st District, an area covering south San Diego County, was one of 331 congressional representatives who voted in favor of the Expedited CARD Reform for Consumers Act. The measure moves up the date that credit card reform is set to take place from the initial February 22 start date to immediately after President Barack Obama signs the bill into law.

In a November 6 press release, Filner says that if the date wasn't changed, credit card companies could potentially "take advantage of the implementation period" by increasing fees, interest rates, and hiking up minimum-payment amounts as a way to run up profits before the reform measure goes into effect.

"I commend my colleagues in Congress for recognizing the card companies' deceitful tactics and acting with speed to protect American consumers," says Filner.

According to Filner's press release, the legislation protects consumers against credit card companies’ "double-cycle billing and due-date gimmicks."

"The common-sense reforms in this bill will bring transparency and fairness to the credit card industry and will provide customers with the information they need to make smart financial decisions," reads the press release.

Filner uses the current recession as the main reason for the bill. Expediting the bill, according to Filner, will "level the playing field between consumers and credit card companies and provide much-needed financial relief to consumers."

Filner wasn't the only congressional delegate from San Diego County to vote for the Expedited CARD Reform for Consumers Act. In fact, all congress members from the county voted in favor of the bill. However, representatives Brian Bilbray, Darrell Issa, and Duncan D. Hunter Jr. did vote for the Republican version of the bill, which was defeated, before supporting the Democrat's version of the bill.

To read Congressman Filner's entire press release, visit house.gov/filner/.

Sponsored
Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Did Torrey Pines go all-white?

What Almost Factual News means to readers
Next Article

Thunderheads in the east, flea season

Orioles moved from Sycamores to palms
Comments
0

Be the first to leave a comment.

Sign in to comment

Sign in

Ask a Hipster — Advice you didn't know you needed Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Drinks All Around — Bartenders' drink recipes Excerpts — Literary and spiritual excerpts Feast! — Food & drink reviews Feature Stories — Local news & stories From the Archives — Spotlight on the past Golden Dreams — Talk of the town Letters — Our inbox [email protected] — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Outdoors — Weekly changes in flora and fauna Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer — Inside San Diego suds SD on the QT — Almost factual news Sheep and Goats — Places of worship Special Issues — The best of Street Style — San Diego streets have style Surf Diego — Real stories from those braving the waves Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close