The Senate recently passed the Credit Cardholders’ Bill of Rights Act of 2009. It seems like a slam-dunk that has nothing but the consumers’ interest at heart. Nobody should be against this, right? But 5 Senators *did* vote against it: Alexander (R-TN), Bennett (R-UT), Johnson (D-SD), Kyl (R-AZ) and Thune (R-SD). Not voting on the bill at all: Byrd (D-WV), Ensign (R-NV), Kennedy (D-MA) and Rockefeller (D-WV). Why would anyone be against this? Yes, credit card company fees, rates and charges can border on usury. But what if the credit card industry decides to combat their new risk exposure with decreased lending? Think it will not happen? Look at current credit markets. Rates are down but it can be quite difficult to actually secure that credit. Credit card companies will likely follow suit. Your interest rate will go down, but so will your line of credit, or open to buy. Carrying a $5,000 balance? Expect your line of credit to get reduced each time you make a payment. Best of luck. Once again, government trying to manage something they have no skill at running will have dramatic, unintended consequences.