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Gutierrez Urges No Delay on Credit Card Reforms He Delayed

Toward the end of Thursday’s House debate on credit card reform -- legislation that passed with broad bipartisan support -- Rep. Luis Gutierrez (D-Ill.) took to

Katharine Tate
News
Last updated: Jul 31, 2020 | May 01, 2009

Toward the end of Thursday’s House debate on credit card reform — legislation that passed with broad bipartisan support — Rep. Luis Gutierrez (D-Ill.) took to the floor to attack a Republican attempt to delay the vote until a drawn-out study could be performed.

“We should not delay one day more the suffering of the American consumers at the hands of deceptive practices of the credit card industry,” Gutierrez said.

This is a weird thing for Gutierrez to say because the original bill would have put the new consumer protections into place 90 days after the bill passed — and then Gutierrez, as chairman of the House Financial Services subpanel on consumer credit, pushed that timeline from three months to 12. Good of him to draw the line of what constitutes an acceptable delay at 275 days and not 276.

Katharine Tate | I’m a native of Massachusetts, where I earned bachelor's degrees in Health: Science, Society, and Policy and Sculpture from Brandeis University. I enjoy assisting and inspiring women in all aspects of their lives, and I consider myself a partner in their OB an GYN treatment. I particularly enjoy forming relationships with young women and assisting them in determining their healthcare needs and goals. I love to travel, create metal and fiber art, cook, and spend time outside. Also, I’m fluent in both German and American Sign Language.

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