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President Obama greets a crowd as he rallies support for credit card reform

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Photo: Chuck Kennedy/White House

Spectators at a town hall meeting in Rancho Rio, New Mexico yesterday eagerly reach out to shake President Obama’s hand or to snap a photo of the Commander-in-Chief.  At the meeting, inside a packed high school gym, the president recounted some horror stories of abuse by credit card companies who have been jacking up rates and raising fees on struggling Americans during these tough economic times.

Obama said, “Enough is enough.  It’s time for strong, reliable protections for our consumers. It’s time for reform …”  The president declared his commitment to sign the Credit Card Bill of Rights into law by Memorial Day. More of the president’s comments from this town hall meeting are on the White House blog.

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