Credit Card Accountability Responsibility and Disclosure Act of 2009
Long title
An 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.
Nicknames
Credit CARD Act of 2009
Enacted by
the 111th United States Congress
Effective
February 22, 2010
Citations
Public law
111-24
Statutes at Large
123 Stat. 1734 through 123 Stat. 1766
Codification
Acts amended
Truth in Lending Act Fair Credit Reporting Act Electronic Fund Transfer Act Omnibus Appropriations Act, 2009
Titles amended
5, 11, 15, 20, and 31
Legislative history
Introduced in the House of Representatives as H.R. 627 by Carolyn Maloney (D–NY) on January 22, 2009
Committee consideration by House Committee on Financial Services, Senate Committee on Banking, Housing, and Urban Affairs
Passed the House of Representatives on April 30, 2009 (357-70)
Passed the Senate on May 19, 2009 (90-5) with amendment
House of Representatives agreed to Senate amendment on May 20, 2009 (279-147)
Signed into law by President Barack Obama on May 22, 2009
This article is part of a series about Kirsten Gillibrand
Political positions
Electoral history
U.S. Representative for New York's 20th
Tenure
U.S. Senator from New York
Tenure
Credit CARD Act of 2009
Military Justice Improvement Act
Campus Accountability and Safety Act
Restoring Statutory Rights Act
Reward Work Act
Me Too Congress Act
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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 a 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.
^"Text of H.R. 627 (111th)". Govtrack.us. Retrieved March 28, 2012.
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