The Credit Card Accountability Responsibility and Disclosure Act of 2009 (also known as the Credit CARD Act of 2009) is a federal statute that was enacted by the 111th Congress and signed into law by President Obama on May 22, 2009, to amend...
consumer protection
Credit CARD Act
The Credit CARD Act of 2009 is the short name for the Credit Card Accountability Responsibility and Disclosure Act of 2009. See the Wex page Credit Card Accountability Responsibility and Disclosure Act of 2009 for more information.
...credit card fraud
Credit card fraud is a form of identity theft that involves an unauthorized taking of another’s credit card information for the purpose of charging purchases to the account or removing funds from it. Federal law, by way of 15 U.S.C. §1643,...
data broker
According to Vermont Statute, 9 V.S.A. § 2430 (4)(a) a data broker is a “business, or unit or units of a business, separately or together, that knowingly collects and sells or licenses to third parties the brokered personal information of a...
Dodd-Frank: Title XIII - Pay It Back Act
Introduction
Title XIII, commonly known as the “Pay It Back Act” (the Act), amends the Emergency Economic Stabilization Act of 2008 (EESA) by decreasing the Secretary of the Treasury’s (the Secretary) authority to purchase distressed assets...
Dodd-Frank: Title XIV - Mortgage Reform and Anti-Predatory Lending Act
Purpose
The 2008 economic crisis was triggered in part by the real estate bubble bursting. Mortgages became extremely easy to obtain, and many of those mortgages had predatory provisions that made it difficult for borrowers to pay off the...
Dodd-Frank: Title XV - Miscellaneous Provisions
Introduction
Title XV contains seven miscellaneous provisions. Title XV restricts the ability of the United States’ Executive Director at the International Monetary Fund to approve loans to foreign countries that are unlikely to be repaid in...
doing business as (DBA)
Doing business as (DBA) is a term referred to as a business’s assumed, trade or fictitious name, indicating that the business is conducted and presented under a name other than the legal name of the legal person (or persons) who own it and...
Electronic Funds Transfer Act
The Electronic Funds Transfer Act (EFTA), also known as Regulation E, created protections for consumers using certain electronic banking and financial services such as debit card transactions, electronic withdrawals, transfers, and deposits....
endorse
To endorse (or indorsement) is the writing of one’s name on part of an instrument as an authentication or transfer of an interest. Nowadays, the term endorsement is used to describe a writing anywhere on a negotiable instrument, contract,...