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单词 Credit Card Accountability, Responsibility And Disclosure Act Of 2009
释义

Credit Card Accountability, Responsibility And Disclosure Act Of 2009

Definition
Legislation introduced in response to credit meltdown that occurred in 2008 to ban questionable consumer lending practices and increase the accountability and transparency of credit card issuers. The act establishes rate and fee setting rules which are enforced through higher penalties for their violation.
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更新时间:2025/2/2 11:49:00