President Barack Obama brought credit card company executives to the White House April 23, 2009, to tell them he was supporting a consumer credit card bill of rights making its way through Congress.

As part of his goals for the legislation, Obama said he wanted to make sure that companies were required to use plain language for forms and statements. He also said he wanted contract terms that are easy to understand and posted online, so people can easily comparison shop.

In his promise, Obama said he would ask the Federal Trade Commission to take action, but it seems like he's turning to Congress to get the job done. The legislation is introduced and active in Congress. We're not sure this will result in the credit card rating system Obama promised, but its enough action to move the Obameter. We rate this promise In the Works.