Current legislative talk concerns required simplification of credit card terms. The small print will be typeset in larger, more legible fonts and conveyed in plain English.

Contracts are not always complicated by necessity. It takes more skill to write in plain English than to incorporate tried boilerplate. The credit card attorneys have much work to do in simplifying the contracts. Ultimately, they are in the superior bargaining position insofar as the consumer has no bargaining position. Thus, they will protect their interests even if it takes some creative effort. The cost of that effort will most likely be shifted to the interest-beholden consumer.

But no matter the size of lettering or the clarity, the terms remain "small print" in nature. The contract is non-negotiable: it's a take-it-or-leave-it proposition. If you can't leave it, bigger print merely highlights unavoidable risk.

There is absolutely no even playing-field with the credit corporations. Here's a standard do-what-you-please clause from a VISA contract:

"We have the right to change your terms, rates and fees at any time, for any reason."

Business as usual.