The Senate today passed the ZIMIA (Zero Interest Mortgage Illegal Alien) Act, which guarantees zero-percent mortgage loans for any illegal alien who is buying their first home. Senate leaders said the bill was necessary to stimulate the housing market and prevent further foreclosures. In addition to economic stimulus benefits, the bill has the [...]
Entries Tagged as 'Senate'
Senate Passes Bill Guaranteeing Zero Percent Mortgages for Illegal Aliens
April 1st, 2009 · No Comments · Consumer Info
Tags: earmarks·Economic Stimulus·foreclosure·GM·House of Respresentitives·Illegal Aliens·pork spending·Senate·SUV
House passes Credit Card Reform Act
September 25th, 2008 · 1 Comment · Credit Cards
On Tuesday, September 23, the House passed the Credit Card Reform Act, which we’ve been following here in this blog. This is great news! The bad news? Congress is totally tied up with the economic bail out, so the Senate may ignore this bill. Let’s hope not. As we [...]
Tags: Banking·Credit card·Economic Crisis·FTC·House of Representitives·Reform Act·Senate
