Obama Signs Credit Card Protection Law

By: Credit Card News - July 27 2009, 7:25 AM

The new law is called The Credit Card Accountability Responsibility & Disclosure Act.

Back in May, President Obama signed into law the Credit Card Accountability Responsibility & Disclosure Act.

That legislation, which goes into effect early next year, gives consumers increased protection from unfair card fees and deceptive practices by credit-card issuers.

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