It’s been about five years since the Credit CARD Act of 2009 was signed into law.
Over the last few years, changes resulting from the CARD Act have helped consumers pay less in fees, and better understand their credit card statements, and how much credit is costing them.
Positive changes have resulted in consumers that are more educated about the cost of credit, as well as consumers that are no longer subject to the whims of credit issuers.
Advantages of the Credit CARD Act
For consumers, some of the biggest advantages have come in the form of restrictions on the way that credit issuers can charge them fees.