Government Credit Card Abuse Prevention Act

(Newser) - Putting himself on the side of fuming consumers, President Obama is pushing for Congress to send him legislation by Memorial Day that would immediately reign in the credit card industry, he said in his radio address this morning. The House has passed a bill banning several predatory practices, but it...

(Newser) - Millions of dollars government employees charged to federal credit cards went for less-than-appropriate perks ranging from digital cameras to dating services, sexy lingerie, laptops, and a $13,000 postal party, reports the Washington Post. An investigation by the Government Accountability Office found that 48% of major purchases on federal credit...