This news means a lot to the cash-strapped Kate. She has been complaining about the late fees that she has to pay. “I can’t understand their rate of interest!” is one of her most-repeated comments in the last few months. She had to take a pay cut to hang on to her job. Which means the late fees is cutting really deep into her earnings. With Obama’s declaration that he’s looking to end these days of exorbitant late fees attached to credit cards, Kate is hopeful she’ll be able to get over the trauma of coughing up absurd late fees. Have you ever been in a similar situation like Kate? Do you think credit card companies must be reined in? Have they been making millions in unfair credit card dealings?

Cinco de Mayo is another regional festival that has blended with popular culture. Rachael told me the other day that people in Arizona have to deal with pesky mosquitoes when they arrange for pool parties and barbeques. The reason: Cinco de Mayo also brings in summer and summer brings in these mosquitoes! Now, would you like to party with these airy devils as your company on the dance floor? Where are you partying this Cinco de Mayo? If you know of any good party happening around New York, let me know. I’d really like to let my hair down and soak in the Mexican flavor!