Saturday, May 23, 2009

Obama signs Credit Card bill

In a victory for families and individuals across the nation, President Obama signed the bill into law yesterday. The new law makes it tougher for credit card issuers to raise fees and interest rates.

Sen. Chris Dodd was instrumental in getting the bill written and passed, and also on Friday Dodd said there are still two major issues that remain unfinished business: a cap on interest rates and limits on fees that merchants pay when a customer uses a credit card for a purchase. Dodd intends to continue fighting for legislation to curtail these practices.

Part One

Part Two


Authentic Connecticut Republican said...

Obama signed the law, but we'll get the bill.

Nice to see him lighten up on gun owners though wasn't it?

CT Bob said...

Yeah, now if I'm ever attacked by a bear on the Appalachian Trail, I'll be packin'!

West Haven Bob said...

Packin' what...your Visa Platinum?