Credit Card Accountability, Responsibility and Disclosure Act (CARD) of 2009

On May 22nd, 2009 Barack Obama signed new legislation into law called the Credit Card Accountability, Responsibility and Disclosure Act of 2009 (Credit CARD Act).  The law was supposed to force credit card companies to become more transparent with their fees, interest rates and other provisions, and create a more consumer friendly environment.  Whether or not that will actually happen is still up for debate.  As of yesterday, February 22nd, 2010, the law is now in effect.  Read more... (666 words, 11 images, estimated 2:40 mins reading time)

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