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Published on Nov 4, 2009
Today, the House is considering H.R. 3639, the Expedited CARD Reform for Consumers Act to speed up the credit card reforms. This bill will move up the effective date for nearly all of the credit card reforms to December 1, 2009 and marks another step forward in bringing consumers badly-needed relief. If abusive practices by the credit card industry had not accelerated with passage of the law, there would be no need to move up the implementation date.