Q&A Video – What Is The CARD Act (2009)?

John Ulzheimer

John Ulzheimer | Q&A Videos

Jul 10, 2015

The Credit Card Accountability Responsibility and Disclosure Act of 2009 gave consumers certain rights, as well as implemented new standards for credit card issuers. Some of the most important features involve the banning of retroactive interest rate hikes (in most cases), a mandatory 21-day grace period between statements and billing dates, and restrictions on people under age 21.

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