New Federal Laws Regulating Credit Card Companies Begin to Take Effect

This past May, President Obama signed into law the Credit Card Accountability Responsibility and Disclosure Act, otherwise known as the CARD Act. This federal law aims to protect consumers from unfair credit card company policies and help consumers better manage their spending and credit.

The first provisions of the law went into effect on August 22, 2009. These provisions include that:

View this content by subscribing

Please register to unlock this content

I already have an account. Log in