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Crackdown aimed at credit card issuers (Newsday) |
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Written by Webmaster
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Tuesday, 21 April 2009 |
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More info...
The Obama administration vows new rules to curb high interest rates and predatory practices; It faces stiff opposition from the industry The Obama administration is moving to rewrite the rules of the game for credit card lenders, vowing to crack down on high interest rates and predatory practices it says contributed to the economic crisis.
Credit Card
Obama to take aim at credit card abuses (Reuters via Yahoo! News)
President Barack Obama plans to crack down on deceptive credit-card industry practices that have saddled U.S. consumers with huge debts and soaring interest rates, U.S. officials said on Sunday.
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Last Updated ( Tuesday, 21 April 2009 )
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