President Obama Invites Credit Card Execs to White House for Meeting
Apr 20th, 2009 | By Rob | Category: Government
President Obama will meet with credit card company executives on Thursday at the White House. The meeting follows increased scrutiny of the banks practices of increasing interest rates and decreasing credit limits for its credit card customers despite receiving billions of dollars in assistance from the government and the ability to borrow money at a near zero percent interest rate because of the Federal Reserve.
We’ll have more coverage of the meeting as it approaches. It is expected that President Obama will condemn the recent industry practices and oppose efforts by the credit card industry to weaken the credit card reform initiatives under Congressional consideration.
Update: You can read about the meeting here.
