Legal, Regulatory, and Privacy Issues

The Credit CARD Act of 2009 turns 1


What a difference a year makes. One year ago this week, President Obama signed historic legislation revamping how Americans acquire, use and pay for credit cards. Use this time line to view key developments affecting credit card users and their accounts.

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On May 22, 2009, President Obama signed into law the Credit CARD Act of 2009, which brought sweeping changes to credit cards. Use the time line below to view how the Credit CARD Act dramatically altered how we use our plastic.

Other interactives: A guide to the Credit CARD Act of 2009, An interactive look at your new credit card statement, Credit card reform legislation time line, The life cycle of a delinquent credit card account, Bankruptcy filings, state by state, 2005-2009, How credit card transactions work

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The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

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