>   The first question that is bound to come up is 'what is the credit card reform act'. In the May of 2009, United States President, Barack Obama, requested the Congress to pass an enactment that would improve the status of accountability in the credit creation sector. The main field of business that was to be affected by this act was that of credit cards. The actual name of the act is Credit Card Accountability Responsibility and Disclosure Act, 2009 and its genesis lies in the Bill 90 - 5 of the Senate, and bill 361 - 64 of the House of...

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