Credit Cardholders' Bill of Rights Act of 2009

The Credit Cardholders' Bill of Rights Act will protect consumers from some of the credit card practices that have made it difficult to pay off their credit card debt. President Obama signed the bill into law on May 22, 2009. The bill includes many reforms that relate to the way credit cards are issued and administered by the credit card companies. This is good news for consumers.

Even though the regulations in the new law will help credit card users, consumers are still accountable for using credit responsibly. They need to use credit wisely or not at all, to live within their means, and pay what they owe.

Summary of the Bill

The following is a summary of the bill and how it will affect you:

Interest Charges


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