• There is no time for delay. We need a durable and successful flow of credit in our economy, but we can’t tolerate profits that depend upon misleading working families. Those days are over.
• President Barack Obama • In his weekly radio address. Obama wants a bill that limits some of the more predatory aspects of the credit industry. The Credit Card Holders’ Bill of Rights, currently waiting on a vote in the Senate after it passed the House, is such a bill, but the banking industry is fighting it. Obama wants a bill on his desk by Memorial Day. • source

Posted by Ernie Smith • Permalink