Obama Urges Credit-Card Reform

President Barack Obama on Saturday pressed lawmakers to send him credit-card reform legislation by Memorial Day, May 25, saying consumers need stricter protections against unfair interest-rate hikes and penalties. Mr. Obama said Saturday that it is past time for a fair and transparent set of principles to guide the industry. That includes heightened monitoring, enforcement, and penalties for credit-card companies that break the rules. Full Story : WSJ.com…..