i want to remind you what it s about and what they will do and what some say the banks are trying to circumvent the new law. when it is up and running it will be housed under the federal reserve. it s at the treasury temporarily as it gets started. the idea is to have a new powerhouse agency to regulate credit cards and mortgages. if you have a complaint, this is supposed to be the agency that helps you. now, what s happening though in the meantime, this law will take effect. all the financial industry knows it s coming. what do we see happening in the interim? annual fees, up 18%. balance transfer fees up 33%. penalty interest rates, up 3.4%. you get the picture. banks know this is coming, and so they re raising fees. we ve also seen this. you maybe get this in your statement. bank of america raising fees for paper statements, citibank reevokable rebate offers. american suppress, professional