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Among the flurry of credit cards launched in 1958, Bank of America’s was the most innovative.The Diners Club and other cards were only accepted at restaurants and travel and entertainment outlets.

Cardholders’ liability for fraudulent charges was limited. As the credit card industry rapidly evolved, many of these laws were amended to keep pace with current practices.

The Card Act of 2009, for example, added to disclosure requirements that already existed and added more restrictions to the Truth in Lending Act, among other improvements.

» MORE: What the first credit cards were like In 1966, Bank Americard began licensing its cards to banks in other states to scale its business.

This allowed out-of-state banks to issue cards that were accepted by merchants that took Bank Americard.

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We believe everyone should be able to make financial decisions with confidence. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. We're on your side, even if it means we don't make a cent.Are you looking for a place that allows adult chatting that may lead to sex hookups for local No name singles? Start meeting people in No name, colorado right now by signing up free or browsing through personal ads and choosing which local sexy singles to hookup with.You want high quality images and movies showing women enjoying sexual climax, right?Despite the losses, the issuer offered the same card to the rest of its California customers the following year.In 1961, the card generated its first operating profit, according to Evans and Schmalensee.Throughout the 1970s, more consumer protections were added under the Consumer Credit Protection Act.

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