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The U.S. Senate overwhelmingly passed the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 yesterday. The House, already passed its own version of the bill last month, also voted 361 to 64 today to wrap up the legislation. Now the bill is sent to the President for his signature to become a law, which could happen before the Memorial Day weekend. The CARD Act aims to protect consumers by preventing card issuers from hiking interest rates whenever they feel like to, |