Reply #19: No, read the OP. He gave them PLENTY of time for several increases.

[No Elephants]

"Last spring, Frank helped push a bill through Congress that imposes new rules on lenders, including a limitation on when and how banks can raise rates. Most of the rules will take effect in mid-February."

What else could he have done? "Helped push a bill through Congress" that would have become effective immediately upon enactment, or 30 days after enactment.

Would that have been unfair, given what their rates were last Spring? No. They know when a bill is introduced and it takes quite a while before it is enacted. Besides, their rates were too high as it was, especially in light of economic collapse.

On edit: It's not about bashing Frank or praising Frank. It's about criticizing or praising an action or inaction, no matter who the individual is.