A Legislative History of the Credit Card Act of 2009
Edited by: William H. Manz
Enacted in May 2009, with a level of bipartisan support that was unusual for the 111th Congress, the Credit Card Accountability Responsibility and Disclosure Act of 2009, also known as the Credit CARD Act, placed new restrictions on credit card companies and provided new protections for consumers. This new act requires creditors to provide written notice 45 days prior to the effective date of:
- An increase in an annual percentage rate (APR)
- A significant change in the terms of the cardholder agreement
The act also prevents credit card companies from increasing rates on existing balances except in certain well-defined circumstances, such as: (1) expiration of a promotion; (2) change in the index not under the creditor’s control; (3) payment not received during 30-day grace period after due date; or (4) completion of a workout or temporary hardship agreement.
This four-volume set contains the text of the Act, reports on the law, presidential materials, the various bill versions, hearings, congressional debate, and Congressional Budget Office reports.
List Price, the set in four volumes: $395.00 – Order now
Published: Buffalo; William S. Hein & Co., Inc.; 2010