July 24, 2014
WASHINGTON (AP) - While signing a bill he says will force credit
card issuers to be transparent and fair, President Barack Obama
says he's not giving a free pass to people who thoughtlessly rack
Obama says some people get in trouble through reckless spending
or wishful thinking while others get in over their heads by not
using their heads.
But the president says there are also those forced by tough
economic times to use their cards. He says the way card issuers
have been operating, it was nearly impossible for those people to
get out of debt.
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