Credit Card Accountability Responsibility and Disclosure Act of 2009
- A law safeguarding consumers by imposing regulations on credit card issuers like banning retroactive rate hikes, demanding clarity in terms, and extending the time before late fees can be imposed, with additional protections for students and young individuals for new credit card offers
- Due to the Credit Card Accountability Responsibility and Disclosure Act of 2009, credit card companies are now required to more clearly explain their terms and conditions.
- The Credit Card Accountability Responsibility and Disclosure Act of 2009 protects students from predatory credit card offers.
- A major benefit of the Credit Card Accountability Responsibility and Disclosure Act of 2009 is the extension of time consumers have before late fees can be imposed.
Provide Feedback
