Obama, Credit Card Execs Face Off Over Practices with 13 executives from top banks and companies that issue the cards. Meeting came a day after a bill to curb credit card fees and limit penalties cleared a key House committee. The bill, the Credit Cardholders’ Bill of Rights, would place into law restrictions on deceptive practices issued by the Federal Reserve in December. It would stop credit card issuers from imposing arbitrary interest rate increases and penalties, and halt certain billing practices. A separate version of the bill is under review in the Senate.”]
Source: https://www.cuinfosecurity.com/obama-credit-card-execs-face-off-over-practices-a-1408