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Title V ~ Credit CARD Act of 2009

SEC. 509. STUDY AND REPORT ON THE MARKETING OF PRODUCTS WITH CREDIT OFFERS

(a) Study- The Comptroller General of the United States shall conduct a study on the terms, conditions, marketing, and value to consumers of products marketed in conjunction with credit card offers, including-

(1) debt suspension agreements;

(2) debt cancellation agreements; and

(3) credit insurance products.

(b) Areas of Concern- The study conducted under this section shall evaluate-

(1) the suitability of the offer of products described in subsection (a) for target customers;

(2) the predatory nature of such offers; and

(3) specifically for debt cancellation or suspension agreements and credit insurance products, loss rates compared to more traditional insurance products.

(c) Report to Congress- The Comptroller shall submit a report to Congress on the results of the study required by this section not later than December 31, 2010.