Nearly three years after the implementation of a landmark credit card reform bill, the Consumer Financial Protection Bureau faces a monumental challenge: determining whether the law helped or hurt consumers.

Even before its passage in 2009, there was strong disagreement regarding the likely impact of the reform law, which went beyond merely requiring card issuers to improve disclosures by also placing significant restrictions on pricing. Consumer advocates argued the law would make the card market fairer and more transparent, while critics in the industry said it would make credit more expensive and harder to obtain.

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