May 19th, 2009 - MiamiHerald
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WASHINGTON — The Senate passed legislation Tuesday to protect credit card holders from sudden interest-rate spikes, but consumer groups and card issuers warned that people are still likely to face obstacles in getting and maintaining credit.
The Senate vote was 90-5. The House of Representatives is expected to approve the bill overwhelmingly, probably Wednesday, and it then will go to President Barack Obama, who's pushed hard for the legislation.
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May 9th, 2009 - Wall Street Journal
WASHINGTON -- President Barack Obama on Saturday pressed lawmakers to send him credit-card reform legislation by Memorial Day, May 25, saying consumers need stricter protections against unfair interest-rate hikes and penalties.
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