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In his weekly radio address, the president said Americans ?have a right to not get ripped off by the sudden rate hikes, unfair penalties and hidden fees that have become all too common to our credit card industry.?.

Obama Urges Congress to Pass Credit-Card Abuse Bill This Month (Bloomberg)

May 9 (Bloomberg) -- President Barack Obama called on Congress to pass legislation this month to protect consumers from unscrupulous credit card companies, a bill he said is particularly needed during the economic crisis.

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