How Do the New Rules of the Credit Card Accountability

question 12

Essay

How do the new rules of the Credit Card Accountability and Disclosure Act (CARD)help consumers deal with credit card debt?

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Definitions:

Satisfier Factors

Elements of a job or environment that increase employee satisfaction and motivation, based on Herzberg's Motivation-Hygiene Theory.

Frustration-Regression Principle

The principle that an already satisfied need can become reactivated when a higher-level need is blocked.

ERG Theory

A theory of human motivation proposed by Clayton Alderfer that categorizes human needs into three primary groups: Existence, Relatedness, and Growth.

Reactivated Need

A previously satisfied need that becomes active or relevant again due to changing circumstances or stimuli.