Credit CARD Act of 2009

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;

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." The bill was passed with bipartisan support by both the House of Representatives and the Senate.

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