Credit Card Accountability, Responsibility And Disclosure Act Of 2009

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Dictionary Says

Definition of '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.
Investopedia Says

Investopedia explains 'Credit Card Accountability, Responsibility And Disclosure Act Of 2009'

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.
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'Credit Card Accountability, Responsibility And Disclosure Act Of 2009'

  • How The Credit CARD Act Impacts Your Finances Today - Investopedia ...

    http://financialedge.investopedia.com/financial-edge/1011/How-The-Credit-CARD-Act-Impacts-Your-Finances-Today.aspx
    ... Filed Under: Credit Cards. Provided By: As you may know, the Credit Card Accountability
    Responsibility and Disclosure (CARD) Act came into effect in May 2009. ...

  • Lender Whining About Credit Card Act Unmerited

    http://stocks.investopedia.com/stock-analysis/2010/Lender-Whining-About-Credit-Card-Act-Unmerited-COF-BAC-JPM-C0304.aspx
    ... on pro-forma operating income for 2008 and 2009). ... to be severely punished by the
    Credit Card Accountability and Disclosure Responsibility Act because these ...

  • How Your Credit Card Is Changing - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0310/How-Your-Credit-Card-Is-Changing.aspx
    ... President Obama signed the Credit Card Accountability, Responsibility and Disclosure
    Act of 2009, or the CARD Act, into law in May 2009, but many provisions ...

  • What is the investor rights movement?

    http://www.investopedia.com/ask/answers/04/061804.asp
    ... Like the Securities Act of 1933, this movement seeks to improve disclosure,
    accountability and responsibility among company managers, and to accomplish this ...

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