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Obama asks Congress for credit card reform bill

May. 14, 2009
The president, speaking in New Mexico, decries what he calls abusive practices on rates and penalties. But he also cautions consumers against accumulating debt. President Obama today called on Congress to send him a bill by Memorial Day that would curb what he described as abusive credit card...
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Obama outlines credit card user protection

Obama outlines credit card user protection

ALBUQUERQUE, May 14 (UPI) -- Credit card reform to outlaw predatory and deceptive practices is critical for U.S. consumers needing a durable flow of credit, President Barack Obama said.

Senate strikes credit card bill compromise

WASHINGTON, May 12 (UPI) -- Top Senate Banking Committee members reached a compromise on a bill that would protect U.S. consumers from abusive credit card industry practices.

Summers: Obama eyeing credit card reforms

WASHINGTON, April 19 (UPI) -- U.S. President Barack Obama plans to target banks' abusive credit card practices, a senior adviser said Sunday.

Credit card rates climb on bank losses

NEW YORK, April 28 (UPI) -- U.S. credit card companies are raising rates as banks try to make up for losses in other departments, financial experts said Monday.

Consumers cash in on reward cards

NEW YORK, Dec. 31 (UPI) -- Zero-percent balance-transfer offers for credit cards may be on the wane, but U.S. credit card companies are offering cash-back reward cards.

Credit card use blossoms in Mexico

MEXICO CITY, March 3 (UPI) -- In the last four years, credit card use has grown 200 percent in Mexico, according to the Bank of Mexico.

Barclays to enter U.S. credit card market

LONDON, Aug. 18 (UPI) -- British bank Barclays said Wednesday it will buy the Juniper Financial Corp. of Wilmington, Del., for $293 million.

MBNA in hunt for U.K.'s Egg plc

LONDON, May 3 (UPI) -- U.S. credit card firm MBNA has emerged as a strong contender for Egg plc, a U.K. Internet bank and credit-card issuer.

Thailand tightens credit card regulations

BANGKOK, March 29 (UPI) -- The Bank of Thailand in Bangkok has cracked down on the nation's credit card issuers in an effort to slow down a possible consumer credit increase.

Citigroup to buy Sears's credit-card unit

CHICAGO, July 15 (UPI) -- Citigroup has agreed to acquire the credit card business of Sears, Roebuck & Co. for $6 billion, relieving from dealing with a spate of credit card debt.
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
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Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler