The old one, which we recite (or sing) at Mass every Sunday, works just fine, thanks. :-)
Yes, we recite one of the three Ecumenical Creeds every week. The purpose of the creeds is to clearly define the catholic faith to distinguish those who are inside the church and those who are not.
Correct me if I'm wrong, but it is my understanding that Rome does not accept the creeds as a sufficient test of catholic belief. There are additional stipulations and axiomatic beliefs that are required to be considered part of the church.