NBC's coverage of a new bill that restricts credit card companies has been riddled with contradictions - first attacking companies for taking advantage of young people, then admitting students need to build credit.

On May 14 "Nightly News" anchor Brian Williams said, "graduates enter the world with awful credit card debt" and then reporter Lisa Myers demonized credit card companies for student debt and praised possible government intervention.

The House passed a bill on May 20 to restrict credit card companies which would make it very difficult for consumers under 21 to obtain a credit card unless they have a parent co-sign the card or prove they can pay.

That will make things difficult for college students who need to establish a line of credit to rent an apartment, buy an airline ticket or purchase a car. That was ignored by NBC "Nightly News" May 19 and CBS "Early Show" on May 20. "Good Morning America" didn't report the credit card story at all on May 20.