If the states were supposed to be doing that, then they've already failed miserably at their duty. As for what I stand to gain, I'd say it's an end to the race

If the states were supposed to be doing that, then they've already failed miserably at their duty. As for what I stand to gain, I'd say it's an end to the race to the bottom that I pointed out in my initial comment. No more would there be banks running to whichever state is willing to gut it's consumer protection laws. What good is it being in a state that respects consumers if the credit card companies are going to set up in South Dakota or Delaware and impose those rules on me?