The Credit Card Accountability, Responsibility and Disclosure Act, known as the CARD Act, becomes law on Feb. 22, 2010, George Washington’s birthday. George Washington had a penchant for truth and the full title of the CARD Act is: “An Act to amend the Truth in Lending Act to establish fair and transparent practices relating to [...]
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CARD Act goes live
February 22nd, 2010 · 25 Comments - add yours · Economy, Population, Uncategorized, congress, credit card crisis, economics
Tags: borrower·CARD Act·credit·credit card·credit limit·fees·interest·interest rate·lend·lender·minimum·minors·payments·poor payers·prohibit·requirement·transparency