Updated: May 17, 2009

One of President Obama's priorities has become creating laws that better protect consumers from sometimes predatory credit card companies. Included in this plan are age restrictions on how old someone must be before they're allowed to have a card.

Some argue that a law like that would be unfair -- many parents allow their children to have a card to teach them about credit, and some young people have their own cards to build credit score and for other financial reasons.

What about you? Do you think their should be laws to protect young people from abusing credit?