Then, in May 2009, the Congress enacted the Credit Card Accountability Responsibility and Disclosure (Credit CARD) Act, which contained additional provisions regarding credit cards and gift cards. Collectively, these rules have comprehensively overhauled the regulatory regime that applies to credit cards.
The ECB conducts the stress test both for those banks which are part of the exercise coordinated by the European Banking Authority and for the rest of the significant institutions which are directly supervised by the ECB. [5] See, for example, Section 3.3 of the November 2018 Financial Stability Review, as well as Andersson, M. et al.