www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

WORLD> America
Obama pledges to protect credit-card users
(Agencies)
Updated: 2009-04-24 09:06

WASHINGTON -- President Barack Obama said Thursday he is determined to get a credit-card law that eliminates the tricky fine print, sudden rate increases and late fees that give millions of consumers headaches.

Obama pledges to protect credit-card users
President Barack Obama gestures to a member of the press corps as they are escorted out of the Roosevelt Room of the White House in Washington, Thursday, April 23, 2009 after he made remarks with representatives of the credit card industry. [Agencies]

"I trust that those in the industry who want to act responsibly will engage with us in a constructive fashion, and that we're going to get this done in short order," Obama said, delivering a pointed message to leading executives of credit-card issuing companies after a closed-door White House meeting.

Both the House and the Senate are pursuing bills to give consumers greater protections as an expansion of new rules slated to take effect next year. Obama said his economic advisers will examine the various proposals and work with Congress and the industry, but he made clear he wants to sign a bill into law.

"The days of any time, any reason rate hikes and late fee traps have to end," Obama said.

At issue is how to protect consumers, particularly in a deep recession, while not imposing the kind of rules that could make it harder for banks to offer credit or put credit out of reach for many borrowers.

Industry executives left the White House without talking to reporters.

Later, one of the participants, American Bankers Association president Edward Yingling, said the executives listened to Obama's concerns and "agreed to work with the administration to address them." In a statement on behalf of the executives, he said consumer protection must be balanced with "ensuring that credit remains available to consumers and small businesses at a reasonable cost."

Related readings:
Obama pledges to protect credit-card users Obama seeks a new era of energy exploration in US
Obama pledges to protect credit-card users Official: Obama wants agency spending cut by $100m
Obama pledges to protect credit-card users Obama vows to reform 'monstrous' tax code
Obama pledges to protect credit-card users Banks, consumers brace for new US credit card rules

The credit-card executives made the case in the meeting that the sweeping rules already ordered by the Federal Reserve, due to take effect next year, address many of the concerns held by the president and Congress.

"He disagreed with that case and believed that more needed to happen," White House press secretary Robert Gibbs said of Obama.

So Obama outlined the principles for any legislation: Protections so that consumers won't face sudden, surprising jumps in fees; requirements that companies publish their forms in plainspoken language, with no more fine print; the availability of customer-friendly comparison shopping on credit-card offers; and greater enforcement so that violators feel the full weight of the law.

The president made no mention of the responsibility of consumers to keep themselves from getting overextended.

As one possibility, Obama said it may help if all credit-card issuers offer a basic, "plain-vanilla" card as a default option for consumers.

The president also acknowledged the importance of credit cards; almost 80 percent of US households have one.

Credit cards often serve as a vital source of liquidity, both for individuals and small businesses.

Credit-card debt has increased by 25 percent in the past 10 years, reaching $963 billion by January, according to figures released by the White House. The average outstanding credit card debt for households that have a credit card was $10,679 at the end of 2008, according to CreditCard.com, an online marketplace designed to link consumers and card issuers.

The Federal Reserve has already ordered new rules, to take effect July 2010, that are designed to enforce a host of new consumer protections.

The effect would be put emergency freeze on interest rates tied to existing balances on credit cards.

主站蜘蛛池模板: α片毛片 | 国产一区二区三区影院 | 精品国产一区二区三区不卡在线 | 成人国产精品毛片 | 中文字幕一区在线观看 | 国产一区二区精品久 | 国产免费自拍 | 成人a毛片一级 | 性盈盈影院影院 | 亚洲精品一级片 | 亚洲日本在线观看网址 | 99久热在线精品视频观看 | 久久久久18 | 国产在线不卡免费播放 | 亚洲精品综合一区在线 | 国产精品毛片一区 | 亚洲视频综合网 | 亚洲美女在线视频 | 亚洲最新 | 成人亚洲精品一区 | 成人一级黄色毛片 | 亚洲男人的天堂视频 | 色偷偷88欧美精品久久久 | 免费国产黄网站在线观看视频 | 国产91精品一区 | 99视频在线观看免费视频 | 国产高清成人 | 国产精品成人免费综合 | 欧美视频在线网站 | 亚洲精品免费在线观看 | 久久久精品2018免费观看 | 中国美女一级看片 | 国产精品九九久久一区hh | 国产成人久久久精品毛片 | 国产三级午夜理伦三级 | 美日韩黄色片 | 欧美日韩精品一区二区三区视频 | 美国毛片视频 | 欧美亚洲国产精品久久 | 黄色美女视频 | 久久狠狠|