If the charges were not completely paid by the specified dates, then interest would be charged to the credit card account in an amount computed from the date of purchase.

FORBES: Avoiding Excess Credit Card Interest Should Not Be A Taxable Event

Further, although the Fed believes that it is not pressuring the industry to shrink its lending and asset growth by setting future dates for the implementation of these rules, this view is simplistic.

FORBES: Fed Shocks Small Banks With Basel Proposal, 2,000 Banks Could Disappear

Carl Levin of Michigan and Bill Nelson of Florida because they want this issue addressed by the DNC, but were they pleading with their governors to not sign the law changing the dates?

CNN: Commentary: Florida, Michigan don't deserve revote