Update on CARD Act Rules-Credit Cards

摘要

The Federal Reserve Board ("FRB") continues to implement the Credit Card Accountability Responsibility and Disclosure Act of 2009 (the "CARD Act"), which was signed into law by President Obama on May 22, 2009. Although the CARD Act includes certain protections that mirror those under the January 2009 FRB Regulation Z Rule and the January 2009 FTC Act Rule,3 the CARD Act also expanded cardholder protections and creditor obligations in ways beyond those contained in the 2009 rules.