WKYT | Lexington, Kentucky | News

Obama to meet with credit card holders on alleged mistreatment

ALBUQUERQUE, N.M. (AP) - President Barack Obama set to hear
consumers' tales of woe about alleged unfair credit card practices.
The town-hall style meeting is at a high school in Albuquerque,
N.M. Participants are expected to include several dozen people
who've written the president to voice their frustrations about
their credit-card companies.
Obama will likely discuss his legislation aimed at ending credit
industry practices that have been called abusive, such as hidden
fees and sudden interest-rate hikes.
The House has approved a bill to enact some of the protections
Obama seeks. A slightly different version is pending in the Senate
where a vote could come as early as this week.


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