The Credit Cardholders' Bill of Rights Act of 2008
On the Credit Slips blog, Adam Levitin examines the legislation recently introduced by Rep. Carolyn B. Maloney (D-NY) called the The Credit Cardholders' Bill of Rights of 2008 
(H.R. 5244). Levitin says the proposed legislation "is an important first step to reining in an industry that has run wild in a regulatory no-man’s land of outdated and threadbare federal laws, preempted state laws, and somnolent consumer protection by federal banking regulators. The Credit Cardholders’ Bill of Rights is a major piece of federal consumer protection legislation that will help shield consumers from the worst abuses of the card industry."
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