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(Image from article: "Credit Card Crackdown Bill Heads to President")

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Credit Card Crackdown Bill Heads to President

In 361-64 vote, House gives final approval to legislation, ensuring that Obama will be able to sign the bill into law by Memorial Day.

Obama Favors Limits on Credit Card Fees

In his weekly radio address, the president said Americans “have a right to not get ripped off by the sudden rate hikes, unfair penalties and hidden fees that have become all too common to our credit card industry.”.

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U.S. credit card bill advances on eve of Obama meet

Legislation to curb credit card fees and limit consumer penalties cleared a congressional panel on Wednesday, a day ahead of a meeting between industry executives and President Barack Obama at the White House.

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