Credit Card Accountability, Responsibility And Disclosure Act Of 2009
- This act was designed to limit the manner in which credit card companies can charge their customers. It prohibits arbitrary increases in interest rates and the application of penalties to customers who make timely payments. The CARD act set forth several other guidelines as well, but does not enact price controls or caps on interest rates.
This act is commonly known as the Credit CARD Act of 2009. Enacted on May 22, 2009, the law will become effective on February 22, 2010. Ultimately this legislation will make it easier for consumers to pay off their credit card balances in many ways. CARD was enacted as a response to the rising level of unsecured consumer debt.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Credit Card Accountability Responsibility and Disclosure Act of 2009 — A consumer protection law also called the Credit CARD Act. Among its provisions is a prohibition against retroactive rate increases, a requirement that terms be clearly spelled out, and an extension of time before late fees can be imposed. The… … Law dictionary
Credit CARD Act of 2009 — CARD redirects here. For other uses, see CARD (disambiguation). Credit Card Accountability Responsibility and Disclosure Act of 2009 Full title An Act to amend the Truth in Lending Act to establish fair and transparent practices relating to the… … Wikipedia
Credit CARD Act — See: Credit Card Accountability Responsibility and Disclosure Act of 2009 Category: Personal Finance & Retirement → Personal Finance → Banking & Credit Cards Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 … Law dictionary
Credit CARD Act of 2009 — Le Credit Card Accountability Responsibility and Disclosure Act of 2009 ou Credit CARD Act of 2009 est une loi fédérale américaine adoptée par le Congrès des États Unis et ratifiée par le président américain Barack Obama le 22 mai 2009. C est une … Wikipédia en Français
Dodd–Frank Wall Street Reform and Consumer Protection Act — Full title An Act to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end too big to fail , to protect the American taxpayer by ending bailouts, to protect consumers… … Wikipedia
Emergency Economic Stabilization Act of 2008 — This article is about one division of an enacted statute. For the entire statute, see Public Law 110 343. For the enacted rescue program, see Troubled Asset Relief Program. The Emergency Economic Stabilization Act of 2008 (Division A of Pub.L.… … Wikipedia
Computers and Information Systems — ▪ 2009 Introduction Smartphone: The New Computer. The market for the smartphone in reality a handheld computer for Web browsing, e mail, music, and video that was integrated with a cellular telephone continued to grow in 2008. According to… … Universalium
Presidency of Barack Obama — 44th President of the United States Incumbent Assumed office January … Wikipedia
Chris Dodd — Christopher John Dodd Chairman and CEO of the Motion Picture Association of America Incumbent Assumed office … Wikipedia
Concealed carry in the United States — U.S. Firearms Legal Topics Assault weapons ban ATF Bureau Brady Handgun Violence Prevention Act Concealed carry in the U.S. Domestic Violence Offender Gun Ban … Wikipedia