Is Credit Card Reform on Obama's Long To-Do List?

Discussion in 'Credit Talk' started by JoshuaHeckathorn, Jan 20, 2009.

  1. JoshuaHeckathorn

    JoshuaHeckathorn Administrator

  2. Hedwig

    Hedwig Well-Known Member

    I doubt it.

    The largest recipents of campaign funding from Freddie Mac and Fannie Mae (and I believe the rest of the financial industry, too, although I haven't been able to verify yet) were--#1, Chris Dodd, Chairman of the Senate Banking Committee, and #2, Barack Obama.

    While they may pay lip service, I don't look for any bills to get out of committee (80% of all bills introduced never make it to the floor--that's how they kill them).
  3. greg1045

    greg1045 Well-Known Member

    The only thing that might happen is the speed-up of the credit card reforms that the Federal Reserve implimented. These "reforms" are to become effective in July 2010, a year and a half from now.

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