subject: Credit-card reform takes consequence [print this page] " A good deal of it is going after fees that large banks were charging, and since we weren't really doing any of those things, it doesn't have a profound impact on our income," said Jim Kelly, the senior vice president for merchandising at the UI Community Credit Union.
And despite measures in the law involving most consumers under age 21 to have a cosigner, Kelly said approvals for the credit union's student-focused card -- which carries a comparatively low fixed-rate and a low credit line -- are up 60 percent in the past year.
