The Los Angeles Times has an article responding to the statement of the ABA that it would be tougher for consumers to get credit after reform of the credit card industry.  Essentially, it argues that credit card companies will still have every incentive to lend money to consumers after increased credit card regulation.
It also provides [...]

The Credit Card Companies had better watch out - the floodgates have opened and they are standing in the river bed.
The Fair and Justifiable Credit Card Interest Rate Act of 2008 was introduced into the House of Representatives today. Arguing that the Federal Reserve proposal is a good first step but doesn’t go nearly [...]

Consumers Union, the publisher of Consumer Reports, came out over the weekend and said that public scrutiny of the proposed credit card reform initiative is critical to prevent the proposal from being watered down during the public comment period.  So stand up, follow along, and be counted in favor of credit card reform!

The News Journal has an article aptly titled Critics call proposals ill-timed as banking industry already struggling.  One of the critics is the American Bankers Association - which worries that credit card reforms will decrease the ability of Americans to get credit or increase their cost of doing so.
The ABA statement on the Federal Reserve’s [...]

Three big proposals (and probably a few more…) for credit card reforms are under consideration currently. They are:

The Credit Cardholders’ Bill of Rights. Under consideration in the House of Representatives, this bill has 110 co-sponsors.

Read More: Baltimore Sun, Atlanta Journal-Constitution

The C.A.R.D. Act - The Credit Card Accountability, Responsibility and Disclosure Act was proposed [...]