The House panel has OK'd the bill limiting increases on credit card interest rates and fees. But there are likely to be changes before a full vote as the White House takes a more active role.
Washington (CNNMoney.com)-- A key house panel on Wednesday advanced a bill to crack down on credit card interest rates and fees amid signs the Obama administration will try to toughen the bill further before it goes to a full vote.
The House Financial Services Committee passed the bill 48-19; nine Republicans joined the panel's Democrats in voting for it. the bill could go to the full House for a vote as soon as next week.
The committee vote came as President Obama gets set to meet Thursday with 14 executives from the largest credit card companies.
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