Credit Card Accountability, Responsibility and Disclosure Act (CARD)
The Credit CARD Act is often called the Credit Cardholders Bill of Rights. The law has two main purposes: to prohibit unfair practices and make rates and fees transparent to the consumer. The CARD Act is the number one reason why fees and rates are located at the top of your credit card agreement and conspicuously placed.
The Fair Debt Collection Practices Act (FDCPA)
The Federal Trade Commission (FTC) enforces the Fair Debt Collection Practices Act (FDCPA), which prohibits debt collectors from using abusive, unfair, or deceptive practices to collect from you. This act covers personal, family, and household debts.