CARD Act
Cards and Fees? No, Please!
Earlier this year, we brought you an article about the CARD act, and how it was going to help protect consumers against the seedier sides of credit card use: it requires anyone under age 21 to get a cosigner or prove their ability to pay their bill before obtaining a credit card, froze interest rates on new accounts for a full year, and mandated that statements must be mailed 2
Getting CARDed
The Credit Card Accountability, Responsibility and Disclosure (CARD) Act, passed by Congress in 2009, bans harmful credit card practices and requires card companies to explain terms and conditions in plain language and post them online. It also sets new rules to protect consumers.





