All articles by Truong Meller

Truong Meller

Obama criticises US cards industry

US presidential nominee Barack Obama has spoken out against what he sees as the predatory lending practices of credit card companies, accusing them of employing unfair and deceptive practices to trick Americans into signing agreements they cant afford As part of his Change That Works for You tour that will see him reach out to electoral hotspots to discuss economic issues with the hope of securing supporters, Obama recently held a roundtable talk in Chicago with a group of consumers who claim to have been financially mauled by the credit card industry. One idea the presidential hopeful is floating is reinstating government regulation of credit card interest rates