Universal Default Prohibition Act of 2007
To amend the Truth in Lending Act to prohibit universal defaults on credit card accounts, and for other purposes.
Other Bill Titles (2 more) 5/3/2007--Introduced.
Universal Default Prohibition Act of 2007 - Amends the Truth in Lending Act to prohibit a creditor from:
(1) using any adverse information concerning any consumer, including any in a consumer report or any change in the consumer's credit score, a... moreSee Full Bill Text
Committees
Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by House | ![]() | Voted on by Senate | ![]() | Considered By President | ![]() | Bill Becomes Law |
| May 03, 2007 |
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Blog Coverage
April 02, 2008 Lending
The government should prohibit the financial services industry from executing universal default clauses. Woolsey cosponsored H.R.2146 to prohibit universal defaults
Source: Lynn Woolsey
April 02, 2008 Lending
The government should prohibit the financial services industry from executing universal default clauses. McDermott cosponsored H.R.2146 to prohibit universal defaults
Source: Jim McDermott
April 02, 2008 Lending
The government should prohibit the financial services industry from executing universal default clauses. Clarke cosponsored H.R.2146 to prohibit universal defaults
Source: Yvette D. Clarke








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