by Caitlin Kenney

President Obama is set to meet with top executives from the country's major credit card issuers today at the White House. The House Financial Services Committee approved a Credit Cardholders' Bill of Rights yesterday, and the Senate is considering similar legislation. The Washington Post reports that the House measure "would prevent such practices as arbitrarily raising interest rates on existing balances, assessing late fees if not enough time was given to pay, and charging interest on debts already paid." What else do you think it should include? What should be done to protect credit cardholders?