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What is the Credit CARD Act?


The Credit Card Accountability, Responsibility and Discolsure Act (The Credit CARD Act) provides a number of protections to credit card users.

credit cards

First, it requires credit card companies to give consumers enough time to pay their bill. The bill cannot be due less than 21 days after it is mailed. Payment deadlines cannot be in the middle of the day or on a weekend, and they have to be consistent each month.

Come back next week to find out more about how you are protected!