Fed chairman pledges to "act as needed" over credit crisis

This is mostly related to the sub prime mortgage crisis, but here are a few ideas for the fed, re: credit crisis

1. Ban, or limit, the practice of banks and credit card companies sending unsolicited credit card offers. I started keeping track a few months ago, I get, on average, 25 unsolicited credit card offers PER WEEK. And they are from the same companies over and over and over. In the month of July alone, I received 47 unsolicited credit card offers from Capital One. Here is an idea, limit it to 1 per year, per company, per address.

2. Ban the practice of "soft" credit checks by credit card companies. For those of you who don't know, your credit card company constantly checks your credit and adjusts your rate based on factors OTHER than your history with THAT company. For example, lets say you have a Chase Visa. You pay it on time every single month. No exceptions. But two months ago, you made your car payment a day late. Chase sees this when they do a soft check, and all of the sudden you are a credit risk and they increase your interest rate to 30%.

Ok fed, those are just two, now come up with some on your own.