Obama On Credit Card Reform
This week the President recaps a busy week, from strides on fiscal discipline, to financial stability, to cracking down on tax havens and tax breaks for shifting jobs overseas. For his next big step, he calls for a credit card reform bill: "Americans know that they have a responsibility to live within their means and pay what they owe. But they also have a right to not get ripped off by the sudden rate hikes, unfair penalties, and hidden fees that have become all-too common in our credit card industry." Watch Your Weekly Address to hear what he plans to do about it.
Remarks of President Barack Obama
Weekly Address
Washington, D.C.
Good morning. I want to briefly share some news about our economy, and talk about the work that weâre doing both to protect American consumers, and to put our economy back on a path to growth and prosperity.
This week, we saw some signs that the gears of Americaâs economic engine are slowly beginning to turn. Consumer spending and home sales are stabilizing. Unemployment …
Duration : 4 min 34 sec
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