What are the federal laws governing credit cards?

There are several federal laws that govern credit cards in Washington. The most important law is the Credit Card Accountability, Responsibility and Disclosure Act of 2009, commonly referred to as the CARD Act. This law was implemented to protect consumers in regards to their credit cards. It prevents credit cards from having unfair terms, such as excessive fees and interest rates, as well as requiring more disclosure from card issuers regarding fees, terms, and conditions. The Fair Credit Reporting Act is also an important law that governs credit cards in Washington. This law helps protect consumers’ rights in regards to their credit report. It requires credit reporting agencies to provide consumers with access to their credit report, along with ensuring that the information contained in the report is accurate. Lastly, the Fair Debt Collection Practices Act is another important law that governs credit cards in Washington. This law protects consumers from unfair debt collection practices, such as using abusive language or engaging in any other forms of harassment. It also requires debt collectors to provide consumers with certain information about the debt, such as how much is owed and when it is due. In addition to these federal laws, Washington also has a state-specific Credit Card Dispute Resolution Law. This law requires credit card issuers to handle consumer disputes fairly and provides a means for consumers to resolve disputes without having to resort to costly legal processes.

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What are the federal laws governing credit cards?

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