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The White House

Background on President Obama's Meeting with Representatives of the Credit Card Industry

Office of the Press Secrectary

For Immediate Release
April 23, 2009
Background on President Obama’s Meeting with Representatives of the Credit Card Industry
Today, the President will meet with the representatives of the credit card industry in the Roosevelt Room to discuss the impact of the current crisis on consumers. President Obama has been a strong proponent of cleaning up the practices of the credit card industry since he was a Senator and he called for measures to strengthen consumer protection in the credit card market during the campaign.
Below is a list of attendees:
Secretary Timothy Geithner
Dr. Lawrence Summers
Dr. Christina Romer
Valerie Jarrett
David Bohne, President, USAA Savings Bank, USAA
Patrick Burke, Senior Vice President and Chief Operations Officer, HSBC Card and Retail Services
Paul Galant, CEO, N.A. Cards, Citi
Pamela Joseph, Vice Chairman, Payments, US Bancorp
Christopher McWilton, President, US Markets, MasterCard Worldwide
David Nelms, CEO, Discover Financial Services
Kevin Rhein, Division President, Wells Fargo Card Services and Consumer Lending, Wells Fargo and Company
Ryan Schneider, President of Cards, Capital One Financial Corporation
Lawrence Sharnak, Executive Vice President and General Manager, Consumer Cards, American Express
William Sheedy, Global Head of Strategy, VISA U.S.A., Inc.
Gordon Smith, CEO, Chase Card Services, JPMorgan Chase & Co.
Richard Struthers, President, Global Card Services, Bank of America
Lloyd Wirshba, Chief Executive Officer, Barclaycard US
Edward L. Yingling, American Bankers Association