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On May 22, 2009, President Obama signed the Credit Card Accountability, Responsibility and Disclosures (Credit CARD) Act into law. The law, which went into effect on February 22, 2010 is meant to improve consumer disclosures and end some egregious practices in the credit card industry. Below are some highlights of the Credit CARD Act. 1. Credit card issuers will no longer be able to retroactively [...]