Monday, April 20, 2009

Obama to attend meeting with credit card firms

Good for him. From Reuters via TPM here.

WASHINGTON (Reuters) - President Barack Obama will participate in a meeting Thursday with executives of U.S. credit card companies, the White House said.

Aides to Obama previously announced the credit card firms would be meeting at the White House with top administration officials, including Lawrence Summers, director of the National Economic Council.

But the White House made clear in a statement that Obama would participate in the meeting as well. He is expected to press the companies to change what administration officials see as deceptive practices that have saddled consumers with high debt and high interest rates. (Reporting by Caren Bohan; Editing by Bill Trott and Andre Grenon)

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