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Promise

Enact a credit card bill of rights

Obama signed the Credit CARD Act, which imposed tighter limits on a range of credit card pricing and billing practices.

President

Barack Obama

Status

Delivered

Topic

Consumer Protection / Financial Regulation

Actions

1

Outcomes

1

Impact Context

Documented outcome directions: Positive.

Promise Text

The credit card bill of rights would ban unilateral changes, apply interest rate increases only to future debt, and prohibit interest on fees.

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