Barack Obama actually said...

"The CARD Act prevents companies from increasing rates within the first year an account is opened."

"These reforms and this independent consumer watchdog will not only protect consumers, they'll strengthen our economy as a whole."

"As of today, consumers will be protected against unreasonable fees and penalties for late payments."

"Millions of Americans are struggling to get by, and their voices shouldn't be drowned out by millions of dollars in secret, special interest advertising."