President To Meet With Credit Card Holders On Alleged Mistreatment

By: Associated Press Email
By: Associated Press Email

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Thursday, May 14, 2009

President Barack Obama set to hear consumers' tales of woe about alleged unfair credit card practices.

The town-hall style meeting is at a high school in Albuquerque, N.M. Participants are expected to include several dozen people who've written the president to voice their frustrations about their credit-card companies.

President Obama will likely discuss his legislation aimed at ending credit industry practices that have been called abusive, such as hidden fees and sudden interest-rate hikes.

The House has approved a bill to enact some of the protections the president seeks.

A slightly different version is pending in the Senate where a vote could come as early as this week.

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