WASHINGTON (9/18/09)--House Financial Services Chairman Barney Frank is reportedly considering introducing legislation that could move the implementation date for the remaining portions of the Credit Card Accountability, Responsibility and Disclosure (CARD) Act to December 1, Congress Daily reported on Thursday. Frank staffer Steven Adamske told Congress Daily that Frank’s staff were not pleased by what “banks and credit card companies are doing in advance of the effective date." Portions of the CARD Act became effective in late August, and the rest of the bill is scheduled to come into effect in February of 2010. This portion of the recently-passed legislation will restrict lenders ability to increase interest rates and to charge fees or penalties to cardholders. Credit Union National Association President/CEO Dan Mica has spoken out on the bill, saying that some portions of the legislation could "have the unintended consequence of raising compliance costs and making credit more expensive and less available to consumers."