Credit_NN1 Card_NN1 Chicanery_NN1 Congress_NN1 blundered_VVD badly_RR when_CS it_PPH1 gave_VVD the_AT credit_NN1 card_NN1 industry_NN1 as_CS31 long_CS32 as_CS33 15_MC months_NNT2 to_II phase_NN1 out_RP the_AT deceptive_JJ and_CC predatory_JJ practices_NN2 that_CST were_VBDR outlawed_VVN in_II a_AT1 new_JJ law_NN1 enacted_VVN in_II May_NPM1 ._. 
Instead_II21 of_II22 backing_VVG away_II21 from_II22 exploitation_NN1 ,_, credit_NN1 card_NN1 companies_NN2 have_VH0 intensified_VVN it_PPH1 ._. 
For_IF starters_NN2 ,_, they_PPHS2 have_VH0 driven_VVN up_RP already_RR outrageous_JJ interest_NN1 rates_NN2 by_II an_AT1 industrywide_JJ average_NN1 of_IO about_RG 20_MC percent_NNU ,_, according_II21 to_II22 a_AT1 report_NN1 scheduled_VVN to_TO be_VBI released_VVN next_MD week_NNT1 from_II the_AT Pew_NN1 Charitable_JJ Trusts_NN2 '_GE Safe_JJ Credit_NN1 Cards_NN2 Project_NN1 ._. 
The_AT companies_NN2 also_RR have_VH0 used_VVN sleight_NN1 of_IO hand_NN1 to_II more_DAR than_CSN double_JJ rates_NN2 on_II customers_NN2 who_PNQS spent_VVD prudently_RR and_CC paid_VVD their_APPGE bills_NN2 on_II time_NNT1 ._. 
The_AT Credit_NN1 Card_NN1 Accountability_NN1 ,_, Responsibility_NN1 and_CC Disclosure_NN1 Act_NN1 would_VM end_VVI a_AT1 great_JJ many_DA2 odious_JJ practices_NN2 ._. 
The_AT companies_NN2 ,_, for_REX21 example_REX22 ,_, could_VM no_RR21 longer_RR22 deluge_NN1 broke_VVD and_CC unemployed_JJ teenagers_NN2 with_IW credit_NN1 cards_NN2 ,_, driving_VVG them_PPHO2 deeply_RR into_II debt_NN1 that_CST they_PPHS2 have_VH0 no_AT way_NN1 of_IO paying_VVG off_RP ._. 
Credit_NN1 card_NN1 companies_NN2 will_VM have_VHI to_TO verify_VVI the_AT young_JJ person_NN1 's_GE ability_NN1 to_TO pay_VVI or_CC get_VVI a_AT1 signature_NN1 from_II a_AT1 responsible_JJ adult_NN1 before_II credit_NN1 is_VBZ issued_VVN ._. 
The_AT law_NN1 prohibits_VVZ arbitrary_JJ rate_NN1 increases_NN2 ,_, penalties_NN2 for_IF customers_NN2 who_PNQS are_VBR late_RR paying_VVG an_AT1 unrelated_JJ bill_NN1 --_NN1 known_VVN as_II universal_JJ default_NN1 --_NN1 and_CC the_AT all-too-common_JJ scams_NN2 in_II which_DDQ companies_NN2 charge_NN1 cardholders_VVZ new_JJ interest_NN1 on_II debts_NN2 that_CST they_PPHS2 have_VH0 paid_VVN a_AT1 month_NNT1 or_CC two_MC earlier_JJR and_CC rig_VV0 due_JJ dates_NN2 so_CS21 that_CS22 payments_NN2 are_VBR late_JJ by_II definition_NN1 and_CC subject_II21 to_II22 a_AT1 hefty_JJ penalty_NN1 ._. 
The_AT Federal_JJ Reserve_JJ chairman_NN1 ,_, Ben_NP1 Bernanke_NP1 ,_, acknowledged_VVD recently_RR that_CST moving_VVG up_RP the_AT effective_JJ date_NN1 to_II Dec._NPM1 1_MC1 would_VM allow_VVI consumers_NN2 to_TO get_VVI benefits_NN2 and_CC protections_NN2 sooner_RRR ._. 
But_CCB he_PPHS1 also_RR expressed_VVD misgivings_NN2 that_CST the_AT move_NN1 might_VM be_VBI difficult_JJ for_IF companies_NN2 that_CST need_VV0 to_TO create_VVI new_JJ billing_NN1 and_CC accounting_VVG systems_NN2 ,_, along_II21 with_II22 other_JJ changes_NN2 ._. 
Mr._NNB Bernanke_NP1 's_GE opinion_NN1 will_VM hold_VVI less_DAR sway_NN1 in_II the_AT House_NN1 than_CSN in_II the_AT Senate_NN1 ,_, where_CS lawmakers_NN2 are_VBR notoriously_RR deferential_JJ to_II regulators_NN2 and_CC to_II the_AT banks_NN2 and_CC credit_NN1 card_NN1 companies_NN2 whose_DDQGE biddings_NN2 those_DD2 regulators_NN2 so_RG often_RR do_VD0 ._. 
But_CCB pressure_NN1 for_IF action_NN1 in_II this_DD1 matter_NN1 is_VBZ clearly_RR building_VVG in_II the_AT House_NN1 and_CC among_II the_AT voters_NN2 ,_, who_PNQS have_VH0 grown_VVN weary_JJ of_IO being_VBG gouged_VVN ,_, especially_RR at_II a_AT1 time_NNT1 when_RRQ many_DA2 of_IO them_PPHO2 are_VBR having_VHG trouble_NN1 feeding_VVG and_CC housing_VVG their_APPGE families_NN2 ._. 
In_II any_DD case_NN1 ,_, it_PPH1 is_VBZ time_NNT1 that_DD1 Congress_NN1 looked_VVD out_RP less_RRR for_IF the_AT credit_NN1 card_NN1 companies_NN2 and_CC more_RRR for_IF American_JJ consumers_NN2 ._. 
That_DD1 means_VVZ passing_JJ bills_NN2 in_II Congress_NN1 that_CST would_VM move_VVI up_RP the_AT effective_JJ date_NN1 of_IO the_AT credit_NN1 card_NN1 law_NN1 ._. 
