Preventing Abusive Credit Card Practices

2010, Commercial Law, Legislative History editor

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 restrictions for consumers. This new act requires creditors to provided 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-defines circumstances, such as: (1) expiration of a promotion; (2) change in index not under 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.

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Pricing Information – Order now
List Price, the set in 4 volumes: $395.00
Published: Buffalo; William S. Hein & Co., Inc.; 2010

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