Barack Obama · 2009-2017 term
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.
Latest reviewed action recorded: May 22, 2009
Record Note
Research import batch 1. Built from PolitiFact and federal law. Source references remain in database/promise_tracker_import_batch_1.json because sources.policy_id is still required.
Original Promise
The credit card bill of rights would ban unilateral changes, apply interest rate increases only to future debt, and prohibit interest on fees.
Action Timeline
Actions document what the federal government did. Outcomes below describe what changed, and each source list shows where the public record comes from.
May 22, 2009
Credit CARD Act signed into law
Obama signed legislation restricting several credit card practices that had been central to his campaign proposal.
Outcomes
Outcomes are the part of the record that can contribute to public scoring. They stay visible here with impact direction and linked sources so readers can verify what shaped the record.
Legal Outcome
Federal law placed new limits on retroactive rate hikes and several abusive billing practices.
Measured or documented impact: Card issuers faced new federal standards on disclosures, fees, and rate changes.
Black community impact: Consumer-credit protections matter for Black households because predatory lending and high-cost credit can deepen existing wealth gaps.
Evidence strength: Strong
Linked sources: 0
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