Derek Douglas, Associate Director for Economic Policy at the Center for American Progress, has published a report titled "The Case for an Incentive-Based Credit Card Disclosure System" (PDF). "This report argues that to more effectively influence the behavior of credit card companies, an incentive-based system of disclosure—one that relies on the profit-seeking interest of companies to change their behavior—should be added to the current credit card disclosure regime."

Alison Vekshin writes for Bloomberg News on plans by Sen. Carl Levin (who becomes chairman of the Senate's permanent subcommittee on investigations in January) to hold a hearing to help prepare legislation "to crack down on issuers." Levin gave the keynote address yesterday at a policy forum titled "Who's in Charge? - Exploring Issues in and Policy Solutions for Credit Card Markets", sponsored by the Center for American Progress. In the speech, he said "if credit card companies do not promptly take the initiative to clean up their industry, Congress and the regulators – including the Federal Reserve, the Federal Trade Commission, and the Office of the Comptroller of the Currency – must take action."