The Fair Credit Card Act of 2009 is a federal law that was enacted to protect consumers from unfair and deceptive credit card practices. The law provides consumers with greater protection from unfair rate increases, late fees, and other practices. It also requires credit card companies to provide more information about their terms and
The Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009 is a federal statute passed by the United States Congress and signed by U.S. President Barack Obama on May 22, 2009. It is a comprehensive credit card reform legislation that aims "to establish fair and transparent practices relating to the extension of credit under an open end consumer credit plan, and for other purposes." The bill was passed with bipartisan support by both the House of Representatives and the Senate.