Thursday, May 14, 2009

Consumer rights - what are they?

President Obama is speaking to consumers about their rights and credit card company abuses. 
"These practices, they've only grown worse in the middle of this recession, when people can afford them least," he told the friendly crowd of about 2,000. "You should not have to worry that when you sign up for a credit card, you are signing away all your rights."
What exactly are rights of consumers? Are there any rights consumers have in addition to the good old individual rights? Seriously.

Aren't we lucky that our leader(s) know not only what kind of slaries our banks should pay their CEOs and what types of cars the country should be made, but also what rates our credit card companies need to charge?

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