As with many things in life and politics, the new credit card legislation signed in May by President Barack Obama provides the hope for positive change along with the potential for some negative change.
The Credit Card Accountibility, Responsibility and Disclosure Act of 2009 raises the age of accountability for credit card usage from 18 to 21 years [...]
Entries Tagged as 'Responsibility and Disclosure act'
Under 21? Getting a Credit Card Will Soon be More Difficult
August 12th, 2009 · No Comments · Consumer Debt, Credit Cards
Tags: college credit·Credit Card Accountability Responsibility And Disclosure Act·credit card accountibility·Credit Cards·new credit card legislation·Responsibility and Disclosure act·under 21 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
