Come February 22, 2010, the second phase of the Credit Card Accountability and Disclosure Act (CARD Act) will formally be upon us. While there are certainly a number of positive provisions for consumers associated with the changes, the legislation is not without controversy. Opponents of the provisions have warned that many consumers, particularly those with [...]
Entries Tagged as 'CARD Act'
How to Prepare for Credit Card Changes Effective in February
November 16th, 2009 · No Comments · Credit Bureaus and Scores, Credit Cards
Tags: CARD Act·credit·Credit Card Accountability and Disclosure Act·credit card law changes·Credit Cards
Credit Card Accountability Bill Narrowly Passes Senate Banking Committee
April 14th, 2009 · No Comments · Banking, Consumer Debt, Credit Cards
Last month, the Senate Banking Committee narrowly approved legislation that would curb some fee and interest hikes by credit card companies, while simplifying gift card use. The Bill, referred to by multiple names including the Credit Card Accountability Bill, Responsibility and Disclosure Act, or CARD Act, reached this latest hurdle one day prior to April [...]
Tags: 2009 proposed credit card reform·CARD Act·Credit Card accountability bill·credit card legislation·credit card reform·Credit Cards·Responsibility and Disclosure act
