If this is not the time for credit card reform, then when?
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That's the question Kathleen Day of the Center for Responsible Lending asks in this very intelligent article from CNNMoney. It's an update on the efforts in Congress to write some rules for credit card companies that are also reasonable for borrowers. Right now, the deck is stacked against consumers.

If you'd like to know how this is faring on Capitol Hill, you should read this: http://money.cnn.com/2009/04/07/news/economy/credit_card_protections/index.htm?postversion=2009040713