http://www.thecreditcarder.com/bbpress/ TheCreditCarder.com Topic: Obama Meets With 14 Credit Card Issuers en Fri, 10 Feb 2012 02:45:11 +0000 http://www.thecreditcarder.com/bbpress/topic/obama-meets-with-14-credit-card-issuers#post-82 Sun, 26 Apr 2009 19:11:12 +0000 TheCreditCarder 82@http://www.thecreditcarder.com/bbpress/ <p>Good news (for consumers): the credit card holders' Bill of Rights passed Congress on April 22nd. Now, President Obama is planning to meet with the heads of fourteen credit card issuing banks to discuss the fact that this is only the beginning, and that more and more regulation will be down the line.</p> <ul> <li> An industry source tells ABC News that the executives expect to hear from the White House that "the industry is unpopular right now." The source forecasts that the meeting will be "a carrot-and-stick" deal — the administration will tell the executives that they need their help in dealing with problems such as high interest rates, but they will emphasize the threat of legislation. "It will be a come-to-Jesus type of meeting," the source said.</li> </ul> <p><a href="http://blogs.abcnews.com/politicalpunch/2009/04/president-ob-26.html" rel="nofollow">http://blogs.abcnews.com/politicalpunch/2009/04/president-ob-26.html</a> </p>