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Obama lobbies for credit card legislation

May. 14, 2009
President Obama urged Congress on Thursday to quickly send him legislation ending abusive credit card practices. But his populist appeal also included a stern warning to shoppers whose eyes are bigger than their budgets. "There's no doubt that people need to...
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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.

Credit card companies face scrutiny

WASHINGTON, Dec. 2 (UPI) -- U.S. credit card issuers are under pressure to change some profitable practices, like raising interest rates based on card-holders' other debts.

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.

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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President Obama awards the Presidential Medal of Freedom in Washington
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President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch