Whats is the Credit Card Accountability Responsibility and Disclosure Act?
The Credit Card Accountability Responsibility and Disclosure Act of 2009 or Credit CARD Act of 2009 is a federal law passed by the United States Congress and signed by President Barack Obama on May 22, 2009. It is comprehensive credit card reform legislation that aims “…to establish fair and transparent practices relating to the extension of credit under an open end consumer credit plan, and for other purposes.
Related Questions
- How does the Credit Card Accountability Responsibility and Disclosure Act effect the sale of American Express Gift Cards?
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- What is the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009?
