The tsunami of anti-credit card ^[2] sentiment has finally been heard in the halls of Congress. In one broad sweep, legislators have reined in the “anything goes” attitude of credit card ^[2] companies when it comes to zapping customers with fees and hidden costs. Or have they?

Read the text of H.R. 627 in full. ^[3]

In the case of any credit card ^[2] account under an open end consumer credit plan, a creditor shall provide a written notice of an increase in an annual percentage rate (except in the case of an increase described in paragraph (1), (2), or (3) of section 171(b)) not later than 45 days prior to the effective date of the increase.

Call me a skeptic, but my prediction is no real change. The credit card ^[2] companies will simply bury the notification of increases in a flurry of blurry text on the back of a statement. I know, I know, they’re supposed to use only size 12 font but when there’s 34 pages of it … who decides if it meets the requirements of “conspicuous?”