Obama urges credit-card industry to end unfair practices

September 30th, 2009 Fed moves ahead on credit card protection planWASHINGTON — The Federal Reserve proposed rules Tuesday to better protect Americans from sudden hikes in interest rates on credit cards. The proposal would generally bar rate increases during the first year after an account is opened.

August 12th, 2009 Amex, Discover to end fees going over credit limitNEW YORK — American Express and Discover customers will soon be free of fees for charging over their credit limits. The two companies said separately Tuesday they will soon end the charges that have generated widespread criticism from consumers.

July 9th, 2009 Dodd warns banks on credit card rate increasesWASHINGTON — Sen. Christopher Dodd, chairman of the Banking Committee, on Thursday warned credit card companies against jacking up interest rates before legislation takes effect that would limit their ability to do so.

May 23rd, 2009 WASHINGTON - US President Barack Obama Friday signed into law a legislation that makes it more difficult for credit card providers to raise fees and interest rates. The credit card reform bill received overwhelming support in Congress this week before landing on Obama's desk for his signature.

May 14th, 2009 Obama continues push for credit card billRIO RANCHO, N.M. — President Barack Obama says changing the way credit card companies bill customers is critical to fixing the nation's ailing economy.

May 9th, 2009 AHMEDABAD - A court sent Ashish Ravindranathan, an Indian Institute of Technology (IIT) student, to a 14-day police remand here Saturday after he was nabbed for allegedly duping 50 credit card holders. Ashish, a second semester student at IIT-Bombay's extension centre in Gandhinagar, was arrested by the city crime branch officials Friday night for allegedly duping credit card holders of Rs.650,000.

May 1st, 2009 Credit card legislation faces Senate testWASHINGTON — Propelled through the House by antibusiness sentiment in tough economic times, legislation putting new reins on the credit card industry now goes to the Senate, where the bill's prospects appear promising. The legislation, which has President Barack Obama's backing, would eliminate abrupt increases in interest rates and other practices decried by consumer advocates.

April 30th, 2009 House passes credit card bill that helps consumersWASHINGTON — Riding a crest of populist anger, the House on Thursday approved a bill to restrict credit card practices and eliminate sudden increases in interest rates and late fees that have entangled millions of consumers. The legislation, dubbed the Credit Card Holders' Bill of Rights, passed by a bipartisan vote of 357-70 following lobbying by President Barack Obama and members of his administration.

April 30th, 2009 Credit card legislation nearing successWASHINGTON — Responding to a wave of populist anger, the House moved toward passage of a consumer protection bill to rein in credit card practices and eliminate sudden interest rate increases and late fees that have entangled millions of consumers. Similar legislation is before the Senate, where prospects also appear promising.

April 30th, 2009 Credit card reform legislation nears passageWASHINGTON — Legislation to rein in credit card practices and eliminate sudden rate hikes and late fees that have entangled millions of Americans moved closer to becoming law Thursday, bolstered by presidential pressure and the backdrop of economic calamity. Measures before the House and Senate are designed to enhance protections for credit card customers.

April 29th, 2009 Geithner pushes for credit card reformWASHINGTON — The Obama administration is pressing for passage of legislation to rein in credit card practices and eliminate sudden rate increases and late fees that have entangled millions of American consumers. Treasury Secretary Timothy Geithner and Rep.

April 23rd, 2009 Obama hosting credit-card CEOs, pledges new rulesWASHINGTON — President Barack Obama is pushing to rein in costs for millions of Americans who use credit cards, an appeal to consumers as many struggle to pay their bills. But the banking industry is warning that Obama's push for legislation could backfire, restricting lenders and making less credit available to Americans during the economic crisis.

April 23rd, 2009 Obama to host credit-card CEOs, pledges new rulesWASHINGTON — President Barack Obama, appealing to mainstream consumers, is pushing for more legal protection for the millions of Americans who use credit cards. Obama was meeting with leaders of the credit-card industry Thursday, and he's already backing tougher legislation.

April 23rd, 2009 Obama to attend Holocaust ceremonyWASHINGTON — President Barack Obama is attending the Holocaust Days of Remembrance ceremony today at the Capitol. The White House says he plans to make remarks.

March 9th, 2009 NOIDA - Three men were arrested here for stealing a credit card and then using it to buy goods to be re-sold, police said here Sunday. The Noida police arrested Robin Verma, Sanjeev Nehra and Anil Nehra near Shopprix Mall while they were trying to sell items purchased on the stolen credit card.