On Jan. 25, Senate Banking Committee Chairman Chris Dodd (D-CT), who has announced his bid to run for the Democratic Presidential nomination in '08, led a hearing to examine the billing, marketing, and disclosure practices of the credit card industry. He cautioned the industry to end any business practices "that you would be ashamed to discuss before this Committee," but stopped short of calling for legislation. Dodd said he plans further hearings on credit card topics, such as interchange fees. Sen. Carl Levin (D-MI), the Chairman of the Senate Homeland Security and Governmental Affairs Permanent Subcommittee on Investigations, plans to hold hearings as early as Feb. to "uncover" the ways credit card companies use hidden fees and other unfair practices to exploit consumers.