Credit CARD Act of 2009 (H.R. 627) Details

June 2, 2009 | By admin In General | Comments(0)

Here is what the new credit card act , Obama ruled on details:
4/30/2009–Passed House amended.
Credit Cardholders’ Bill of Rights Act of 2009 -

Section 2 -

Amends the Truth in Lending Act to prohibit a creditor from increasing any annual percentage rate of interest (APR) applicable to the existing balance on an open end consumer credit [...]