Quote – The Bush White House’s statement, CreditCards.com.

Legislation likely to result in higher interest rates for consumers is not the answer. [This bill] would broadly constrain the ability of financial institutions to price risk, likely resulting in less access to credit and in higher interest rates for consumers.

The Bush White House’s statement opposing credit card reform. From CreditCards.com, “House passes Credit Cardholders’ Bill of Rights bill”, Connie Prater.

Tuesday, September 23, 2008