Posted on 05/18/2009 5:56:07 PM PDT by fight_truth_decay
FAIR Legislative Update:
Last week, during debate over a bill to regulate the credit card industry, Senator David Vitter (R-LA) offered an amendment (Amendment #1066) that would have established new rules with respect to how banks issue credit cards. ( Vitter Press Release, May 13, 2009). The amendment would have required that banks verify the identification of any person who is not a citizen or national of the United States before they were permitted to open a credit card account. In addition to preventing the ability of illegal aliens to obtain credit cards, Senator Vitter's press release stated the amendment "would have also closed the loophole that allowed the September 11, 2001 hijackers to obtain credit cards from United States banks to finance their terrorist activities." (Id.).
After the 9/11 attacks, Congress created the "9/11 Commission" to investigate the facts that led up to the attacks. Commission staff issued a public report detailing how the 9/11 hijackers were able to circumvent not only the U.S.'s immigration laws but also how they were able to finance their activities in the U.S. - by using ATM and credit cards issued by U.S. banks.
(Excerpt) Read more at fairus.org ...
SNIP
“The current loopholes in federal regulations regarding credit cards are an invitation to illegal immigration,” Vitter said. “We should not reward those coming here illegally by allowing them to access the same services afforded to American citizens, which results in back-door amnesty.”
SNIP
Bank of America Casts Wider Net For Hispanics Lender Risks Controversy Aiming New Credit Card At Illegal Immigrants By MIRIAM JORDAN and VALERIE BAUERLEIN February 13, 2007; Page A1 WALL STREET JOURNAL
"Antonio Sanchez, a Mexican immigrant, writes the Journal, whose only major asset is a white 1996 Ford Thunderbird, which he drives to the two restaurants where he works each day on opposite sides of Los Angeles. Mr. Sanchez, who says he sneaked across the border a decade ago, has been a customer of Bank of America's East Hollywood branch for nine years. He has no borrowing history and no Social Security number."..."To obtain a Bank of America Visa card with a $500 line of credit, Mr. Sanchez had to put down $99. If he stays within his $500 limit and pays his balances in a timely fashion, he will receive his $99 security payment back in three to six months, and his credit limit might be increased. "I always wanted to start building credit to buy a home, but I couldn't," says Mr. Sanchez, a father of three, who earns about $25,000 a year from his two jobs.... "When a señorita at the bank told me about this card, I couldn't miss the opportunity to get it. You need credit to succeed in this country."
To assess an applicant, the bank employs "judgmental lending," a concept pioneered by MBNA.
Vitter is chairman of the Border Security and Enforcement First Caucus.
Janet should be sending a team right over to pick him up (ha!).
Is ot alcohol or too much dope?
I’m liking Vitter more & more. Now if we only had an alien watchdog for the healthcare system, maybe we wouldn’t be forced to tolerate the new deathcare bill.
Man, I am so glad that Martinez (RINO)FL will not be seeking re election this year. He voted so many times with the democrats I expected he would have to pull as Spector to get elected again.
Now, ON TO DEFEATING CHARLE CRIST for the seat, or we will have the same, or worse, problems! RUBIO for SENATE!!!!!!
I hate agreeing with this Vitter guy. It’s like a Ted Kennedy, but with a conservative voting record and minus the murder.
Thank you for your REPRESENTATION, Sen Vitter!!!!
No where near the same!
Vitter admitted his transgressions, and sought forgiveness.
Has Tedward EVER said he was sorry for killing MJK?
How can you be forgiven if you don't ask for it, and forgive others also?
The American people don’t know about this, can’t understand it, and wouldn’t remember if they were so informed. We is doomed!
There something going on you should explain — some kind of weird “love affair” between C. Crist and the people of FL?
The American people will take their chances to get that EXPENSIVE “free” health care they think is coming.
This is important and should have been addressed years ago. It’s unbelievable that it’s nowhere to be found in the MSM. Kudos to Vitter.
It seems like the banking/credit card industry have bought the majority of our representatives. The banks don’t care who they make money off of...
Yeh, that’s what I’m afraid of...
I’m guessing that’s why they need to increase my credit card interest rate to 15.9%!
Course I did mean it as a joke or scrappleface intent at satire!
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