Obama to Credit Card Industry: End Deceptive Practices

  Government and Economy Obama Meets with Credit Card Industry—Wants to End Deceptive Practices Executives from the nation's credit card issuers met with President Obama, who is pushing for consumer protections that go beyond proposals approved yesterday by a US House committee and rules issued last year by the Fed, to argue against new limits on fees and interest rates. Bloomberg.com BofA's Lewis: Feds Pushed Merrill Purchase According to New York's attorney general, federal officials pressured Bank of America Corp. CEO Ken Lewis with threats to his job security to complete the bank's purchase of Merrill Lynch. Breitbart.com [Read Full Article]