Consumer Protections

• Ended the Bush-era policy of protecting credit card companies (2009); signed Credit Card Accountability, Responsibility, and Disclosure Act (May 22, 2009); credit card companies are prohibited from raising rates without advance notification or arbitrarily if customers are paying bills on time (2010) * Note: In place of the old policy, new consumer protections were instituted and the industry’s predatory practices were banned

• Instituted a new focus on mortgage fraud (2009)

• Signed the Helping Families Save Their Homes Act (May 20, 2009)

• Signed Prevent Deceptive Census Look Alike Mailing Act (April 7, 2010)

• Signed measures detailing what mailed items can be marked “Census” (May 24, 2010)

• Signed Dodd-Frank Wall Street Reform and Consumer Protection Act (July 21, 2010)

• Signed Cruise Vessel Security and Safety Act (July 27, 2010)

• Signed Social Security Number Protection Act (Dec 18, 2010)

• Signed Truth in Caller ID Act (Dec 22, 2010)

• Protections from online shopping fraud (Dec 29, 2010)

• Signed FDA Food Safety Modernization Act (Jan 4, 2011)

• Enhancements to Consumer Protection Safety Commission (Aug 5, 2011)