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barack obama, sudden rate increases
(Image from article: "Credit Card Crackdown Bill Heads to President")

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Obama to warn U.S. health insurers against rate jumps

Obama to warn U.S. health insurers against rate jumps

President Barack Obama will warn health insurance industry executives at a White House meeting on Tuesday against imposing big rate increases ahead of tighter rules under the new U.S. healthcare law, The New York Times reported.

 

Credit Card Crackdown Bill Heads to President

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

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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