Ryan Bubb & Alex Kaufman studied Credit Union Credit Card programs and concluded that they adhere to most if not all standards that the recently-passed Credit Card Act will implement:
"INDUSTRY representatives would have you believe that the Credit Card Accountability, Responsibility and Disclosure Act enacted last month spells the end of the credit card as we know it. President Obama’s proposal last week to create a Consumer Financial Protection Agency to enforce the law has increased the industry’s concerns.For the full, informative article please click here! Thank you, Bubb & Kaufman!
But the example of cards issued by credit unions puts the lie to these claims. Credit unions largely conform to the new rules already, while profitably maintaining the basic features that users know and love."