President Obama Signs Major Credit Card Reform Bill
It can be difficult to think of an issue that touches more people, or can get a rise out of more people, than credit card fine print, fees, and staggering interest rate hikes. The President signs legislation to put an end to all that. May 22, 2009. (Public Domain) … President Barack Obama Credit Card Reform Bill of Rights Accountability Responsibility Disclosure Act
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May 28th, 2009 at 10:37 am
No mention of how the NRA ruined this bill by adding an unrelated provision… loaded guns in national parks. Same old shameful special-interest Washington DC politics, way to go obama.
May 29th, 2009 at 12:50 am
he’s a lefty
May 29th, 2009 at 12:55 am
tlogic101:
Why to explain yourself dumbass
Why don’t you look back & research what actually CAUSED this economic crisis. Answer: Housing / Mortgage
Who warned of an impending crisis 11 times? GW BUSH
Who put forward Bill S190 to bring more oversight to Fannie/Freddie? REPUBLICANS
Who blocked S190 in committee? DEMOCRATS
Little liberal brains have been trained to believe that Repubs were against regulation
Hear Democrats for yourself:
“Democrats Fannie Economy Shocking”
May 29th, 2009 at 5:08 am
DCPowerStilts, it’s just politics as usual, and both parties do it. Did you really expect things be different now with Obama in Office? And, Humans can’t survive in the wilderness without the tools (weapons) to do it. I grew up in the country, so I know very well how defenceless humans are in the woods.
May 29th, 2009 at 5:10 am
Yea, jscoppe, Just what, exactly, has he been doing for the last 100+ days? first bailing out irresponsible companies, now irresponsible dredit card holders.
May 29th, 2009 at 5:13 am
I recieved a notice from my credit card company last week telling me that I had a choice. A 10% increase in my interest rate, starting from day one, no grace period, or cancel my card. I canceled my card, and am paying it off at the old rate. I’m not that stupid to agree with their terms.
May 29th, 2009 at 6:06 am
Out of curiosity, what makes you say that? What do you think would have made it a more effective bill?
May 29th, 2009 at 6:35 am
Obama’s Plan to Change Washington: “…Tell the corporate lobbyists their days of setting the agenda in Washington are over… they will not drown out the voices of the American people when I am president”. As he signs a bill to bring loaded guns into national parks, it seems however that the gun lobby has a stranglehold on congress and a gag on Obama.
May 29th, 2009 at 8:54 am
I currently have undiluted admiration for this man..It is still sooo refreshing to see our leader have the capacity to simply speak…Like ..noticing the sun was shinning and the birds were singing…much less the fact he is working for the other 98% of the people here in the usa not to mention the others in the world..a Man among men “Peace whenever possible, Anything is..”Medl
May 30th, 2009 at 12:46 am
Wow, the video quality is phenomenal!!!
May 30th, 2009 at 4:59 am
3rkid2, You rally are a neadrothal, do you know that? Can’t you speak without swearing and hurling insults? Or is your mind so small that anger, rage and Violence your only responses to everything you don’t agree with? Play time’s over, boy and it’s time to grow up.
May 30th, 2009 at 5:55 am
I only said the “P.S. FUCK YOU! ” because he (the person who I was responding to) said it… You can’t see him say it because it was marked as spam…
Don’t insult me about. small mindedness.
June 4th, 2009 at 3:27 am
Please check out Free Energy from “Project Camelot Interviews Brian O’Leary”
June 5th, 2009 at 8:23 am
WATCH CHEMtrails VIDEOS!!! They’re spraying you w/ HARMFUL CHEMICALS by planes on a daily basis, just look up to the sky if you don’t believe me, you know tilt your head once in a while!!! These are NOT CONtrails which vaporize right away!
THIS IS ELITE’s DEPOPULATION PLAN!
Google: HOW TO STOP CHEMtrails!
ALSO CHECK OUT: infowars. com
IT IS the INFO that ELITE DOESN’T WANT YOU TO KNOW! (like the TRUTH about VACCINES which is also part of DEPOPULATION plan!)
June 5th, 2009 at 8:23 am
Watch “The Obama Deception” in HQ! This is the truth about Obama that you must know!
June 8th, 2009 at 4:48 am
Now with a credit score of 717 & trapped in a credit card interest rate of 26.4%…. Is this going to help me stop DROWNING in a measly balance of 12,000? My original loan has been paid off several times over now…. but for the rape-fees….
BTW Thank you for SOME action… hopefully it will help. The way I see it my creditors do not rightfully have 1 red cent more due from me. Evil stuff man…. pure freakin inhumane evil.
June 14th, 2009 at 12:57 pm
so the good people who pay on time must pay for all the bad ones nice…..
June 16th, 2009 at 10:55 pm
it a shame I pay taxes to the feds and my money went to bailout the credit card company .now i’m paying again .
With superlative credit the interest rate went up .
Now WHO is gonna make sure this new law is abided by the credit card people?
So far my company has not honored this new law, especially since I protested to the new rate hike.
Do I have to pay for everybody elses debt?
The card companys are dishonest and making a killing off of this.
June 16th, 2009 at 10:58 pm
your so right . now thats reform . cap on government spending would be good also.
June 20th, 2009 at 7:10 pm
I didn’t think keeping my Sears card would be a problem, since the cardholder can fight back against them jacking APRs by boycotting their stores. Not so. After years of being a loyal customer they jacked me to 30%. Needless to say, I will never shop at Sears or Kmart again & now it will cost THEM.
The boycott is the ace-in-the-hole for any dept. store cardholder who has been victimized by predatory practices. I only wish other non-dept store cards had such an Achilles heel.
June 22nd, 2009 at 10:49 am
What they do not mention is the Credit Bureau’s That lower our CREDT RATING when they lower our CREDIT lines.
I was never late and paid more than the minimum payment
to Amex/Costco line was16,000. I paid $9000. Amex reduced line $7000. WE ARE A CATERING COMPANY
& NEED CREDIT FOR LARGE PARTIES. I PAID $5000.
MORE Amex lowered to $1000.! WAY to stand by small
business AMEX! How many more ways can Corporations
FAIL US. Discover did the same. IF economy gets better
I WILL BOYCOTT also.
June 22nd, 2009 at 10:49 am
What they do not mention is the Credit Bureau’s That lower our CREDT RATING when they lower our CREDIT lines.
I was never late and paid more than the minimum payment
to Amex/Costco line was16,000. I paid $9000. Amex reduced line $7000. WE ARE A CATERING COMPANY
& NEED CREDIT FOR LARGE PARTIES. I PAID $5000.
MORE Amex lowered to $1000.! WAY to stand by small
business AMEX! How many more ways can Corporations
FAIL US. Discover did the same. IF economy gets better
I WILL BOYCOTT also.
June 22nd, 2009 at 11:33 am
peterbob101, your so wrong on that. It does effect you. Your taxes ,right now are paying someone elses debt.
Debt of any kind effects all Americans.
I am debt free and own my home and all that I possess but We All pay .Especailly for people that wont work but can!
June 22nd, 2009 at 11:48 am
pantherprowl22
THANKS ! your so right .He did give the warning and tried to stop this.
PLUS there’s one great thing he did also.
He kept the USA from another 9/11. He imprisoned the worst of the worst in Gitmo.
but now the first terrorist has been released from Gitmo and where did Obama move him?
NEW YORK !
How shameful!
June 22nd, 2009 at 11:52 am
Hey people .BUY GOLD ! It’s the only thing that hasn’t lost it’s value.
July 4th, 2009 at 3:28 am
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July 4th, 2009 at 3:58 am
[...] gracechen wrote an interesting post today onHere’s a quick excerptIt can be difficult to think of an issue that touches more people, or can get a rise out of more people, than credit card fine print, fees, and staggering interest rate hikes. [...]
July 4th, 2009 at 6:10 am
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July 4th, 2009 at 7:12 am
[...] View original post here: Videos> President Obama Signs Major Credit Card Reform Bill … [...]
July 4th, 2009 at 9:37 am
[...] unknown wrote an interesting post today onHere’s a quick excerptIt can be difficult to think of an issue that touches more people, or can get a rise out of more people, than credit card fine print, fees, and staggering interest rate hikes. [...]
July 4th, 2009 at 5:18 pm
Hey people .BUY GOLD ! It’s the only thing that hasn’t lost it’s value.
Oops…forgot to say great post! Looking forward to your next one.