In 2009 Democrats in the U.S. Senate and the House pushed to limit Credit Card Interest Rates, but its in 2012 Nina Turner joined with Republicans to do the opposite. As Nina Turner wraps herself in the Bernie or Bust or movement, she covers-up the truth. Nina Turner’s actions are contrary to Bernie Sanders and most in the Democratic party.
HB 322 – Repeals Limits on Credit Card Interest Rates for Certain Banks – Voting Record
|OH||25||Sen. Nina Turner||Democratic||Yea|
HB 322 – Repeals Limits on Credit Card Interest Rates for Certain Banks – Key Vote
Vote Smart’s Synopsis:
Vote to pass a bill that repeals the limit on the interest that banks, savings and loan associations, and credit unions may charge on credit card balances.
Authorizes banks, savings and loan associations, and credit unions to charge interest and fees on revolving credit agreements at rates that are equal to or lower than a bank, savings and loan association, or credit union located in another state (Sec. 1).
Defines “revolving credit agreement” as an agreement under which a bank, savings and loan association, or credit union authorizes repeated transactions on a line of credit and the amount of credit in the agreement is made available to the extent that the outstanding balance is repaid (Sec. 1).