Deceptive Credit Card Practices

OBAMA: 100th DAY IN OFFICE

(Bloomberg) President Barack Obama plans to address “some of the decep-tive practices that we have seen” in the credit-card industry when he meets with executives tomorrow, White House spokesman Robert Gibbs said.

• Video: Credit Cards: Gouging or Good Business? (CNBC)
• Video: No Holds Barred (FOX News)

The president is “going to outline and go through some principles of what he would like to see” in legislation being worked on in Congress regarding credit-card practices, Gibbs told reporters aboard Air Force One today as Obama returned from an Earth Day event in Iowa. More>>