The Credit Card Accountability,Responsibility,and Disclosure Act of 2009 forbids credit card issuers from raising interest rates or any fees during the first year a credit card account is open,and the Act states that gift cards or certificates may not expire sooner than five years after issuance.

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The Credit Card Accountability, Responsibility, and Disclosure Act of 2009 does indeed forbid credit card issuers from raising interest rates or any fees during the first year a credit card account is open, and it also prohibits gift cards or certificates from expiring sooner than five years after issuance.

The Credit Card Accountability,Responsibility,and Disclosure Act of 2009 Forbids Credit