Credit Card Accountability Responsibility and Disclosure Act of 2009

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:United_States_federal_law
gptkbp:affects	credit card issuers credit card holders
gptkbp:amendedBy	gptkb:Truth_in_Lending_Act
gptkbp:codifiedIn	gptkb:15_U.S.C._§_1601_et_seq.
gptkbp:enactedBy	gptkb:111th_United_States_Congress
https://www.w3.org/2000/01/rdf-schema#label	Credit Card Accountability Responsibility and Disclosure Act of 2009
gptkbp:introducedIn	gptkb:United_States_Senate February 12, 2009
gptkbp:limitation	fees for late payments fees for over-the-limit transactions
gptkbp:nickname	gptkb:Credit_CARD_Act
gptkbp:prohibits	arbitrary interest rate increases double-cycle billing
gptkbp:protectedBy	young consumers under 21
gptkbp:publicLawNumber	gptkb:Public_Law_111-24
gptkbp:purpose	to establish fair and transparent practices relating to the extension of credit under an open end consumer credit plan
gptkbp:regulates	credit card industry
gptkbp:requires	clear disclosures of terms and conditions 45 days notice before interest rate increases ability to pay assessment for applicants under 21
gptkbp:shortName	gptkb:CARD_Act
gptkbp:signedBy	gptkb:Barack_Obama May 22, 2009
gptkbp:sponsor	gptkb:Chris_Dodd
gptkbp:startDate	February 22, 2010
gptkbp:bfsParent	gptkb:Credit_CARD_Act_of_2009 gptkb:CARD_Act
gptkbp:bfsLayer	7