With the folksy charm of a timeshare salesman, Austan Goolsbee of President Obama’s Council of Economic Advisers outlines some of the new credit card rules, which began taking effect Thursday.

There’s plenty to like here, but don’t let Goolsbee’s enthusiasm fool you into thinking America’s plastic loan sharks have lost their bite. — PS

White House:

Wait, before you go…

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#barack obama#credit cards#economy#politics#video#white house