These practices, they've only grown worse in the midst of this recession when hardworking Americans can afford them least. Now fees silently appear. Payment deadlines suddenly move. Millions of cardholders have seen their interest rates jump in the past six months.
Obama urges Congress to pass legislation to end abusive credit card practices.
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People need to “rediscover what’s the story we tell about how we’re going to live together, and see each other, and recognise each other, and disagree, and yet, still care for each other”.
And I will fight for that, even if I don’t always think it’s going to win.
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