Credit Card Accountability Responsibility and Disclosure Act of 2009

{
  "id": "MLC-T-LAW-005325",
  "term": "Credit Card Accountability Responsibility and Disclosure Act of 2009",
  "field": "Law",
  "definition": "A federal law enacted to protect consumers from unfair practices by credit card issuers. It established new rules regarding interest rate increases, fees, and the marketing of credit cards, particularly to young adults. The Act requires clear disclosure of terms and conditions, and limits universal default clauses.",
  "url": "https://mlchart.com/terminology/law/credit-card-accountability-responsibility-and-disclosure-act-of-2009/"
}