Obama on Credit Cards: ‘Enough is enough’ for strong and reliable protections for consumers. “You shouldn’t need a magnifying glass or a law degree to read the fine print that sometimes doesn’t even appear to be written in English or Spanish,” Obama says. The measure also targets practices such as marketing credit cards to minors, unfair rate hikes and charges and improves transparency for people shopping around for credit cards. The average American holds $7,300 in credit card debt balances, according to the Federal Reserve.”]
Source: https://www.bankinfosecurity.com/obama-on-credit-cards-enough-enough-a-1467