luis gutierrez

The immigration restrictionist group Americans for Legal Immigration PAC (ALIPAC) said it’s flooding Twitter, Facebook and MySpace, and planning another round of Tea Parties, to motivate what they hope will be a huge backlash against any attempt to legalize any undocumented immigrants in the United States. The group is gearing up to fight comprehensive immigration [...]

Pro-immigrant religious groups with about 700 members from nine different states plan to rally this afternoon on the West Lawn of the Capitol to press for immigration reform.
Immigrants, including veterans fighting deportation, will speak at the event, as will Rep. Luis Gutierrez (D-Ill.), who, with House and Senate allies, will set out key principles of [...]

Congressional Democrats this week have been publicly incredulous that the credit card industry would have the temerity to raise rates and limit lending in the months before legislation restricting those practices takes hold. Indeed, Sen. Charles Schumer (D-N.Y.), who in April asked the Federal Reserve to step in to prevent card issuers from raising rates [...]

Having recently passed long-anticipated credit card reforms, some powerful House Democrats are now putting their weight behind efforts to rein in overdraft fees — the charges applied when consumers (often unknowingly) exceed their balance on debit purchases.
Those fees have become an enormous profit engine for banks, generating $17.5 billion each year, according to a 2007 [...]

Following up on our piece this month about how payday lenders have found a friend in Rep. Luis Gutierrez (D-Ill.) — who’s pushing legislation that caps interest rates on those loans at nearly 400 percent — it comes as little surprise that the pawnshop industry, among the largest sub-sets of short-term lenders, has been kind [...]

Last week, we laid out the congressional battle-lines in the looming fight over how to regulate payday lenders. Today, The New York Times weighs in with a biting suggestion: kill the industry and shed no tears.
Payday loans — advances that are to be repaid on payday — are so burdensome and so pernicious that in [...]