When Maloney proposed her Credit Card Holders Bill of Rights, she was widely criticized by credit card issuers. Among the many claims that were leveled against the bill: "credit cards would be more difficult to get, limits would be lower, and interest rates would be higher for everyone." However a study by the Pew Foundation two years after the bills passage found that: "Credit card holders are seeing stabilized interest rates, the elimination of overlimit penalty charges, a reduction in late fees charged by banks and minimal changes in annual fees since the Credit CARD Act of 2009 took effect."