Richard Cordray, the Treasurer of Ohio, has been spear-heading a drive to get Ohioans to take a stand in favor of the proposed changes to the credit card regulations that are being considered in Washington. He hopes to gather between 5,000 and 10,000 comments by August 4th, when he'll submit them to the Federal Reserve, as well as to the Office of Thrift Supervision and the National Credit Union Administration, the other two agencies that are pondering cardholder-friendly provisions.

Cordray is asking Ohioans to join with him "to let the federal government know that we support these proposed changes that will help to end some of the worst practices of 'gotcha capitalism' by credit card companies." Specifically, he is calling for an end to:

Unfair time constraints for consumers to make payments.

Unfair allocation of payments among balances with different interest rates.

Unfair application of increased annual percentage rates to outstanding balances. 

Unfair fees for exceeding the credit limit solely because of a hold placed on an account.

Unfair balance computation method.

Unfair financing of security deposits and fees for issuance or availability of credit.

Deceptive firm offers of credit.