The Senate also rejected an amendment that would outright ban naked credit default swaps, which basically are a bet on the future creditworthiness of a company or debt issuer. (The House version of financial reform did ban naked credit default swaps).
And the Senate rejected a proposed amendment that would have prohibited lenders (credit card lenders included) from charging an interest rate on any credit transaction (except real estate) that exceeds the maximum interest rate allowed by state law.