This year: Rep. Carolyn Maloney, D-N.Y., called the Fed action a "strong first step," but said she and Financial Services Committee Chairman Barney Frank still plan to push forward with a "Credit Cardholders' Bill of Rights" to further strengthen credit card protections and speed up implementation to 2009.
A similar bill passed the House by a 312-112 vote last September, but never came up for a vote in the Senate; it will now likely be up to Sen. Chris Dodd, D-Conn., whose own credit card reform bill died in committee last summer, to push for more immediate reforms. In the meantime, there's not much to do about rate-jackingother than bear it and look for other sources of capital. -Neil deMause
NEXT: Taming the wild commodities