PREVENTING ABUSIVE CREDIT CARD PRACTICES: A LEGISLATIVE HISTORY OF THE CREDIT CARD ACT OF 2009
Item #: 70065
Published: Getzville; William S. Hein & Co., Inc.; 2010.
Subjects: COMMERCIAL LAW, LEGISLATIVE HISTORY
Enacted with a level of bipartisan support that was unusualfor the 11th Congress, the Credit Card AccountabilityResponsibility and Disclosure Act of 2009 placed newrestrictions on credit card companies and provided new pro-tections for consumers. The new law was praised by consumersand long-time critics of credit card practices, but somewarned that the new law would lead to tighter credit at atime when the economy is weak. The Act's many supportersbrushed aside such objections as mere fear-mongering, andwarned that the credit card companies would be activelyseeking to find loopholes in the new law. This set includesthe bill versions prepared prior to the passage of the Act,reports, presidential statements, congressional debate, andhearings.