President Barack Obama wants to crack down on deceptive credit-card industry practices that have saddled U.S. consumers with huge debts and soaring interest rates, U.S. officials said on Sunday.
Top White House economic adviser Lawrence Summers said Obama would be "very focused in the very near term on a whole set of issues having to do with credit card abuses." Summers and other officials will meet at the White House with top executives of credit card companies.
The meeting comes as lawmakers in the Democratic-led Congre...
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