Federal Rserves votes on 12/18/08 on new credit card rules

Fed to Vote on Sweeping Credit Card Rule Changes:
Rules changes will ban retroactive rate hikes...
The Federal Reserve is expected to vote this week to codify changes in credit card rules that would give consumers a much-requested break.

The rules package, set for a vote on Thursday, would stop credit card companies from retroactively raising interest rates on balances any time they want, and require a longer payment window before consumers can be charged late fees..

More info see: http://www.consumeraffairs.com/news04/2008/12/credit_cards_fed.html