Credit card companies next on Obama's to do list


If there's one thing you can say about President Obama, whether you like his policies or not, is that he's definitely keeping busy -- not surprising given the economy he inherited, the wars, the climate and so on. Next on his to-do list now is the credit card industry.

The president is "going to be very focused, in a very near term, on a whole set of issues having to do with credit card abuses, having to do with the way people have been deceived into paying extraordinarily high rates that they wouldn't have paid if they knew what they were getting themselves into," White House economic adviser Lawrence Summers said on NBC's "Meet the Press." Summers is scheduled to meet on Thursday at the White House with the heads of 14 credit card companies.