Some accounts indicate consumer protection reforms of 2010 helped people reduce consumer debt last year, despite grim projections for some on its potential effects. After the passing of the CARD Act, credit card interest rate hikes subsided and the trend toward reducing overall credit debt continued in America, although the debit interchange reform is likely to see the death of many free banking services thanks to its channeling revenue streams. Still, revolving credit debit currently stands at only 800.5 billion, nearly its lowest point in two years, and some issuers have actually eliminated fees like penalty APRs for cardholders who miss payments. These conclusions, drawn by a BillShrink personal debt survey, also show the CARD Act prevented issuers from raising certain rates, in addition to other notable provisions including 45 days’ notice on fee and rate changes and a cap on penalty fees so that they don’t exceed the cost of the offense that activated the fee (e.g. cardholders can’t be charged more than $25 on a missed $25 minimum payment).