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Credit CARD Act of 2009

Credit Card Accountability Responsibility and Disclosure Act of 2009
Great Seal of the United States
Long titleAn Act to amend the Truth in Lending Act to establish fair and transparent practices relating to the extension of credit under an open end consumer credit plan, and for other purposes.
NicknamesCredit CARD Act of 2009
Enacted bythe 111th United States Congress
EffectiveFebruary 22, 2010
Citations
Public law111-24
Statutes at Large123 Stat. 1734 through 123 Stat. 1766
Codification
Acts amendedTruth in Lending Act
Fair Credit Reporting Act
Electronic Fund Transfer Act
Omnibus Appropriations Act, 2009
Titles amended5, 11, 15, 20, and 31
Legislative history

The Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009 is a federal statute passed by the United States Congress and signed by U.S. President Barack Obama on May 22, 2009. It is comprehensive credit card reform legislation that aims "...to establish fair and transparent practices relating to the extension of credit under an open end consumer credit plan, and for other purposes."[1] The bill was passed with bipartisan support by both the House of Representatives and the Senate.

  1. ^ "Text of H.R. 627 (111th)". Govtrack.us. Retrieved March 28, 2012.