New Mexico Urban Homesteader

Hello, I am A 50 Something, Prepper ;-}; former 60's Flower Child, don't believe in taxpayer subsidized special interest groups (political parties), DO believe in the Constitution and Bill of Rights (1st 10). Long time Independent & Informed Voter. Lover of the outdoors and firm believer that History Teaches - if only we will listen!

(No longer Urban or in NM. Now Rural in the mountains of Maine.)

This blog was started at the request of some dear friends that wish to become Preppers.

“No man who is not willing to help himself has any right to apply to his friends, or to the gods.”

Demosthenes (384–322 BC, Greek statesman and orator of ancient Athens)

Wednesday, June 16, 2010

End Of Fee Free Usage of Debit Cards?

Congress is considering a law (H.R.4173 - Wall Street Reform and Consumer Protection Act of 2009 & S.3217 - Restoring American Financial Stability Act of 2010 that will charge us for using our Debit & Credit Cards!

In typical governmental fashion, they publicize all the benefits of the caps on overdraft fees and other negative hidden charges and actions of the banking sector and then sneak in a clause that will hurt not only Credit Unions but us consumers too - A fee for every use of your Debit Card !!! Are we all so hypnotized by the marketing and advertising hype of flaunting the "good" in a bill that we don't read the fine print ourselves to gain All the facts and Truths?

Bill Passed in Senate Broadly Expands Oversight of Wall St. May 20, 2010 "... The legislation is intended to prevent a repeat of the 2008 crisis, but also reshapes the role of numerous federal agencies and vastly empowers the Federal Reserve in an attempt to predict and contain future debacles. ..."

"NEW MEXICO (FFCU)—The clock is ticking to stop congress from infringing on your debit/credit card payment rights. This could mean the end of fee free usage of debit and credit cards. Can you imagine having to pay every time you use your debit/credit cards or merchants not accepting them at all? Very recently the U.S. Senate approved the Financial Regulatory Reform Bill. While the overall bill takes a balanced approach, there is one provision that should be removed because it is harmful to Credit Unions and may be of great concern to credit union members like you...." Act Now if you're concerned. This Credit Union website will allow you to contact NM Congressmen with your vote: &

"Today is the Tomorrow that you worried about Yesterday"

From a a 50 Something, soon to be rural homesteading, Prepper ;-}

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