President Barack Obama is calling for credit card reform.
Obama will be addressing a push for credit-card legislation with a town-hall meeting in New Mexico on Thursday after devoting much of his weekly radio address to the topic.
With the Senate scheduled to vote on its credit-card legislation this week, President Obama is embracing complaints from Americans about interest-rate increases, penalties and fees for their cards. He wants Congress to deliver legislation for him to sign by Memorial Day, on May 25.
“I’m calling on Congress … to pass a credit card reform bill that protects American consumers so that I can sign it into law by Memorial Day, there is no time for delay. We need a durable and successful flow of credit in our economy, but we can’t tolerate profits that depend upon misleading working families. Those days are over.”
Full Story at Debt Pay Off Info
Editor's note: Current News and Hot Trends, the premier online source for current news and hot trends, does not endorse any content from third party sources. The link above is provided for informational purposes only.
No comments:
Post a Comment