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President Obama Signs the “CARD ACT” »
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President Obama Signs the Credit (CARD) ACT (Video)

05/23/2009

President Obama signs Credit Card Accountability, Responsibility, and Disclosure Act

The “(Card) Act” is a Law that addresses the reality that 80% of Americans have Credit Card Debt and 40% of Credit Card Holders carry a Balance month to month.

So this is a big victory indeed!  As Debt Warriors™ we are glad that we stood on the side of good on this issue.  We are happy that all of our Youtube Subscribers took the actions that we asked of them.  Below is a video from February 2, 2008.  Back then we asked our YOUTUBE friends and subscribers to take action against Credit Card Tricks and Traps.

We  are hopeful that the new reforms will bring financial freedom to millions.

We said “there ought to be a Law” against Credit Card Tricks and Traps and we were right :)   Now there is a Law!

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Posted in Consumer Rights, Credit Card Debt, Credit Card Holders Bill of Rights, Credit Card Reform, credit card act | Tagged , , , , , |

3 comments

  1. [...] the President signing this important Legislation is only a Battle won.  The “War on Debt” rages on! Now in order to be free from Debt we must start [...]

         by 3 Worrisome Truths About the Credit Card Act of 2009 « www.DEBTWARRIORS.com 05/26/2009 at 4:59 pm

  2. [...] of Americans have Credit Card Debt and 44% of Credit Card Holders carry a balance month to month.read more | digg [...]

         by 74242.com » Blog Archive » President Obama Signs the “CARD ACT” 06/22/2009 at 8:35 am

  3. [...] President Obama Signs the Credit (CARD) ACT (Video) « www … [...]

         by 9 Steps Eliminate Credit Card Debt Problems | Rapidly Reduce Debt 07/15/2009 at 7:14 pm

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