Are Banks complying with the new 2010 Credit Card Rules

The House yesterday passed a version of the Credit Cardholders’ Bill of Rights. It’s the latest in a wave of proposed legislation aimed at helping consumers deal with the credit-card industry. (Previous coverage: President Obama, the Senate, the Fed, and the Cardholders’ Bill)
But has anything actually changed when it comes to helping consumers with their credit cards?
Credit-card comparison site BillShrink sifted through the fine print on more than 200 major credit cards to find out who is complying. We reported in December, shortly after the bill was announced, that no major credit cards met all of the bill’s eight major requirements. The bill does not take effect until mid-2010.
“The banks are not willing to adopt these consumer-friendly things unless they’re forced to,” Samir Kothari, co-founder of BillShrink says.
http://blogs.wsj.com/wallet/2009/05/01/who-is-complying-with-new-credit-card-rules-an-update/?mod=yahoo_hs

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