WASHINGTON, April 23 (UPI) -- U.S. President Barack Obama met with executives from 14 credit card companies Thursday to discuss reforms aimed at protecting consumers.
After the meeting, the president said he has several concerns, including unfair rate increases and abusive fees, the White House said in a statement. He said statements and forms companies send to customers should be written in plain English and contracts should be understandable so consumers can shop for the card offering the best deal.