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Video: Credit card controversy
High credit card fees are coming under fire in Washington but banks say they need to price in risk.
Obama Pressures Credit Card Issuers on Rates
Obama Pressures Credit Card Issuers on Rates
nytimes.com — President Obama, right, and an adviser, Lawrence Summers, seen napping at center, met with credit card executives Thursday. (more) Obama Pressures Credit Card Issuers on Rates
Obama Wants End to ‘Deceptive’ Credit-Card Policies (Update2)
Obama Wants End to ‘Deceptive’ Credit-Card Policies (Update2)
bloomberg.com — April 23 (Bloomberg) -- Executives from credit-card issuers including Bank of America Corp. and American Express Co. arrived at the White House for a meeting with President Barack Obama to argue against new limits on fees and interest rates. Obama is ... (more) Obama Wants End to ‘Deceptive’ Credit-Card Policies ...
Video: Obama pledges protections for credit-card users
politicalnewslive.blogspot.com — President Barack Obama said Thursday he is determined to get a credit-card law that eliminates the tricky fine print, sudden rate increases and late fees that give millions of consumers headaches. AP's Mark Smith reports. (more) Video: Obama pledges protections for credit-card users
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