Christopher Dodd actually said...

The need for quick action to end abusive lending practices is more urgent than ever now.

But doesn't it also basically--in other words, the incentive for the issuer to make sure that the borrower is going to be more creditworthy ...

I respect immensely that Ben Bernanke and the Federal Reserve moved on the issue of regulation.

Senator Dodd's comprehensive Credit Card Act fills in many of these gaps.