U.S. President Barack Obama has told America's credit card industry to stop the abuse: He's calling for an end to unfair credit card interest rates.

In Canada, both the House of Commons and the Senate are looking at credit card reform. But unlike in the U.S., our top political leader, Prime Minister Stephen Harper, has offered no leadership on the issue.

The NDP has tabled a motion calling on the federal government to bring 'credit card relief' to Canadians.

They have the support of the majority of Canadians. According to a new Environics Research poll, 82% of Canadians agree with tighter credit card regulations. And for good reason.

by Zach Carter, TMC MediaWire Blogger

While the national economy struggles under the weight of a massive bank bailout effort, the banking lobby's ability to influence public policy is more problematic than ever. The too-big-to-fail bankers may be dependent on U.S. taxpayers for their survival, but corporate lobbyists still have members of Congress, the Treasury Department and the Federal Reserve asking the banks' permission to bring the Big Finance behemoths under control. The relationship between Wall Street and the government is so out of whack that it's difficult to distinguish the political players from the panhandlers.