Three years after becoming law,the Credit Card Act of2009:

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The Credit Card Act of 2009 has been mostly beneficial to consumers by providing them with more transparency and protections against unfair practices by credit card companies. It has also helped to reduce some fees and interest rates, although not universally. The Act did not provide universal opportunity for rate increases, as it restricted some practices such as retroactive rate increases. The Act did not specifically provide availability of cards to young people, but it did contain some provisions related to credit card marketing to students.

Three Years After Becoming Law,the Credit Card Act Of2009