What aspect of consumer protection is emphasized in the Credit Card Act of 2009?

The emphasis on transparency in contract terms in the Credit Card Act of 2009 is significant because it aims to make credit card agreements clearer and more understandable for consumers. Prior to this legislation, many consumers struggled to comprehend the complex and often hidden terms and conditions of credit card agreements, which could lead to unintended debt and financial hardship. By mandating that credit card companies disclose key information upfront, such as interest rates and fees, the Act ensures that consumers can make more informed decisions regarding their credit use.

This transparency allows individuals to compare different credit offers more easily and understand the true cost of borrowing, including how interest rates can change and what conditions may apply. As a result, consumers are better equipped to manage their finances and avoid falling into cycles of debt caused by unexpected charges or terms they did not fully understand.

In contrast, the other options do not align with the core objectives of the Credit Card Act. For instance, the elimination of all interest rates is not practical or feasible, and immediate access to credit or higher credit limits for students may not necessarily involve the same level of consumer protection and informed decision-making that transparency promotes.