The Government has released a draft consumer credit amendment bill that includes a ban on credit card over-limit fees and a ban on unsolicited credit limit extension offers without the prior consent of the consumer.The amendment also places strict limits on how much credit cards holders can go over their specified limits. The bill establishes a default buffer of the lesser of $500 or 10 per cent of the credit limit as the allowable over-limit spending.The National Consumer Credit Protection Amendment (Credit Cards and Home Loans) Bill 2011 also contains a requirement that credit card providers allocate repayments to higher interest rates first.The bill makes it mandatory for credit card application forms to include a clear summary of key account features and it introduces a requirement for home loan lenders to give potential borrowers a key-facts sheet, so they can make comparisons between loans.The Australian newspaper quotes a number of sources, including the Australian Bankers Association, saying the ban on over-limit fees is a tougher measure than anticipated and that the Government has allowed only a very limited time to comment on the exposure draft.