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Obama Warns Credit Card Companies New Regulations Are Coming (Bloomberg via Yahoo! News) PDF Print E-mail
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Friday, 24 April 2009

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April 24 (Bloomberg) -- President Barack Obama warned credit-card issuers they will face new regulations and scrutiny to keep consumers from being hit by unfair rate increases and abusive fees and penalties.


Obama calls for credit card reforms (Reuters via Yahoo! News)

President Barack Obama urged U.S. credit card company executives on Thursday to stop unfair rate increases and be more transparent and accountable, tapping into popular outrage over abusive lending.

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Last Updated ( Friday, 24 April 2009 )
 
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