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Obama Speaks Out on Credit Cards

Tags » Card Issuers, Consumer Debt, Credit Cards

In a speech given today by Barack Obama in Chicago, he commented on the credit card industry: "But many more Americans aren’t falling into debt because they made an irresponsible decision; they’re falling into debt because credit card companies are pushing them over the edge. For too long, credit card companies have been using unfair and deceptive practices to trick Americans into signing agreements they can’t afford."


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