Obama Makes Push For Credit Card Legislation (VIDEO)

[kentuck]

http://www.huffingtonpost.com/2009/05/09/obama-makes-push-for-cred_n_200975.html

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AP: WASHINGTON — Putting himself on the side of fuming consumers, President Barack Obama is pushing Congress to send him legislation by Memorial Day that would put a tighter rein on the credit card industry.

"Americans know that they have a responsibility to live within their means and pay what they owe," Obama said in his weekly radio and Internet address released Saturday. "But they also have a right to not get ripped off by the sudden rate hikes, unfair penalties and hidden fees that have become all-too common."

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