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- Title
Update on CARD Act Rules -- Credit Cards.
- Authors
Poindexter, Obrea
- Abstract
The article offers information on the amendment of Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act) in the U.S. It mentions that CARD Act also expanded cardholder protections and creditor obligations in ways beyond those contained in the 2009 rules. It mentions that the CARD Act prohibits an issuer from increasing any rate, fee or finance charge and applying the increase to the outstanding balance on an open-end consumer credit plan, with four exceptions.
- Subjects
UNITED States; BANK credit card laws; LEGISLATIVE amendments; DEBTOR &; creditor; CREDIT card fees; CONSUMER credit
- Publication
Business Lawyer, 2011, Vol 66, Issue 2, p423
- ISSN
0007-6899
- Publication type
Article