Recently on The Takeaway we’ve been following people’s credit card stories and following up on the calls that our listeners have made on the subject. One man’s story really caught our ear. Don Merrill, of Salt Lake City, Utah, was frustrated with just one small aspect of his credit card company—they wouldn’t stop sending those convenience checks in the mail and he wanted them to stop. But after a year of trying, he found a way to make them. He joins us now with his tale of victory.

It’s become a familiar story. People who pay their credit cards on time every month are seeing their interest rates go up, their monthly due dates changed without warning, and are watching all sorts of new fees pop up on their monthly statements. Well, President Obama (and Sen. Chris Dodd) is fed up with those stories. Yesterday the President met with representatives of the credit card industry at the White House and recited the many ways he would like to see their business model change.

Here at The Takeaway we've been asking our listeners to call in with their stories of credit card woes and the occasional victory. We turn now to two of our listeners to tell their story and make their suggestions on how they'd improve the credit card industry. We are also joined by The Takeaway's personal finance guru Alvin Hall for his take on the President's makeover of the credit industry.

This week may end with a new playbook for the credit card industry in America. President Obama summoned representatives from 14 banks that issue credit cards to the White House for talks today. But the legislative engine behind these changes is Senator Chris Dodd, Democrat from Connecticut, who has been pushing credit card regulation for a long time. He joins The Takeaway now to discuss the proposed changes to credit card accountability, responsibility and disclosure that he hopes to push through Congress. This bill would offer new consumer protections, including banning practices such as “any time, any reason” interest rate increases.

"More regulation" is the magic phrase some claim is needed to prevent another economic meltdown. It looks like the credit card industry may be the leading front of that new regulation. Today, lawmakers in the U.S. House are working on a bill that would curb some practices that consumer advocates consider the most egregious, like arbitrarily raising interest rates. On Thursday, President Obama is meeting with the heads of the credit card divisions of 14 major banks, and it's widely thought that the he will express his support for the legislation. Anya Kamenetz, a staff writer at Fast Company magazine and the author of Generation Debt joins The Takeaway with a look at what new regulation we can expect for credit card companies, and what that will mean for borrowers.

Has a business ever offered you money to just go away? If you’re an American Express customer, you may know what we’re talking about. Credit card companies are ditching their customers—offering them cash to take a hike. Will they follow on the heels of mortgage companies and be the next to go under? The Takeaway talks to Christian Weller, Senior Fellow at the Center for American Progress and an associate professor of public policy at the University of Massachusetts, Boston.