The credit card "bill of rights" while it could have done more was applauded by nearly all consumer organizations.
"This is probably the strongest piece of consumer legislation to pass Congress in a decade," said Travis Plunkett of the Consumer Federation of America.
"That's a big win," said Ed Mierzwinksi of US Public Interest Research Groups. "It gets rid of any 'gotcha" tricks."
"The bill picks up where the Fed's rules leave off, protecting all Americans from unjustified or excessive fees and stopping retroactive interest rate hikes that only bury struggling families in insurmountable debt..." said Lauren Saunders, Managing Attorney at the National Consumer Law Center.
http://www.politifact.com/truth-o-me...ill-of-rights/