Obama meeting with his credit card division...

[Larry Gude (Premo)]

...today;

Obama to attend meeting with credit card firms | Industries | Financial Services & Real Estate | Reuters

President Barack Obama will participate in a meeting on Thursday with executives of U.S. credit card companies, the White House said.

Aides to Obama had previously announced that the credit card firms would be meeting at the White House with top administration officials, including Lawrence Summers, director of the National Economic Council.

But the White House made clear in a statement that Obama would participate in the meeting as well. He is expected to press the companies to change what administration officials see as deceptive practices that have saddled consumers with high debt and high interest rates.

[ImnoMensa]

I don't make excuses for the credot card companies, but American consumers saddled themselves with credit card debt.

Certainly there are plenty of deceptive practices and high interest, but the laws allowed most of these practices, perhaps Obama should be changing the laws.