Credit Card Act Passes Senate
The Credit Card Accountability, Responsibility and Disclosure (CARD) Act passed the Senate today by a vote of 90 to 5. From Sen. Mark Udall (received by e-mail, no link):
The 90-5 vote for the Credit Card Accountability, Responsibility and Disclosure (CARD) Act culminates four years of work by Senator Udall to clean up the fine print and bring fairness and common sense to the credit card business. Udall was a co-sponsor of the Senate Credit CARD Act, and as Congressman, he authored the bill in 2005, which became the Credit Cardholders’ Bill of Rights and passed the House of Representatives last month. The House must now take a second procedural vote on the Senate bill before the final legislation can be sent to President Obama for his signature.
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