s 32 51607 1215662400 false 1215662400 3252 931 110 300034

7/10/2008--Introduced.<br/>Credit Card Accountability Responsibility and Disclosure Act of 2008, or the Credit CARD Act of 2008 - Amends the Truth in Lending Act to require advance notice of any increase in the annual percentage rate of interest (APR) pertaining to a credit card account under an open end consumer credit plan. Imposes a freeze on interest rate terms and fees on canceled cards. Sets limits on fees and interest charges, including a prohibition against penalties for on-time payments. Prohibits a creditor from furnishing information to a consumer reporting agency concerning a newly opened credit card account until the credit card has been used or activated by the consumer. Revises requirements for prompt and fair crediting of card payments. Prohibits universal default (except in certain circumstances) and unilateral changes to cardholder agreements. Increases the civil penalty against any creditor who fails to comply with specified requirements in the case of an individual action relating to an open end credit plan that is not secured by real property or a dwelling. Prescribes procedures for specified federal regulatory agencies to evaluate credit card issuers for compliance with this Act. Revises: (1) payoff and repayment timing disclosure requirements; and (2) requirements relating to late payment deadlines and penalties. Prohibits issuance of: (1) a credit card on behalf of a consumer under age 21, unless the consumer has submitted a written application meeting specified requirements; and (2) certain affinity cards to students unless certain requirements have been met. Amends the Fair Credit Reporting Act to allow underage consumers to elect to be included in certain listings compiled by a consumer reporting agency. Amends the Federal Trade Commission Act to require all federal banking agencies and the Federal Trade Commission (FTC) to coordinate rulemaking and regulations. Directs the Comptroller General to study and report to certain congressional committees on: (1) the status of regulations of the federal banking agencies and the National Credit Union Administration (NCUA) regarding unfair and deceptive acts or practices by depository institutions and federal credit unions; and (2) the extent to which interchange fees are required to be disclosed to consumers and merchants, and how such fees are overseen by the federal banking agencies. Directs the Comptroller General to establish the Credit Card Safety Rating System Commission.<br/>

1215662400 2008-07-10 Fri Nov 07 19:05:19 -0600 2008 introduced 51607 'act':9 'ban':11 'abus':12 'bill':2 'amend':4 'consum':6,16,20 'credit':7,13 'enhanc':15 'purpos':24 'practic':14 'protect':8,18 'underag':19 'disclosur':17 62058 false official introduced 51607 'act':7 '2008':9 'card':2 'credit':1 'account':3 'respons':4 'disclosur':6 63453 false short introduced 51607 'act':3 '2008':5 'card':2 'credit':1 63454 false short introduced 51607 1215662400 Thu Jul 10 00:00:00 -0500 2008 165895 D000388 1944-05-27 11802 448 Russell Senate Office Building http://dodd.senate.gov/index.php?q=node/3130 202-228-1083 Christopher 'd':4 'ct':5 'sen':1 'dodd':3,7,9 'christoph':2,6,8 M 300034 Dodd Christopher_Dodd J. Sen. Christopher Dodd [D, CT] 6702 N00000581 15214 Democrat 202-224-2823 Roman Catholic CT Chris Christopher Dodd 1.93877551020408 http://dodd.senate.gov SenChrisDodd A000069 1924-09-11 4399 141 Hart Senate Office Building http://akaka.senate.gov/public/index.cfm?FuseAction=Contact.Home 202-224-2126 Daniel 'd':4 'hi':5 'sen':1 'akaka':3,7,9 'daniel':2,6,8 M 300001 Akaka Don_Cazayoux Kahikina Sen. Daniel Akaka [D, HI] 2319 N00007653 10037 Democrat 202-224-6361 Congregationalist HI Daniel Akaka 2.26666666666667 http://akaka.senate.gov/public/index.cfm B000944 1952-11-09 7910 713 Hart Senate Office Building http://brown.senate.gov/contact/ 202-228-6321 Sherrod 'd':4 'oh':5 'sen':1 'brown':3,7,9 'sherrod':2,6,8 M 400050 Brown Sherrod_Brown Sen. Sherrod Brown [D, OH] 5099 N00003535 13607 Democrat 202-224-2315 Lutheran OH Sherrod Brown 3.55072463768116 http://brown.senate.gov/ SherrodBrownOhio C001070 4920 393 Russell Senate Office Building http://casey.senate.gov/contact/ 202-228-0604 Robert 'd':4 'pa':5 'sen':1 'casey':3,7,9 'robert':2,6,8 M 412246 Casey Robert_P._Casey,_Jr. P. Sen. Robert Casey [D, PA] 2338 N00027503 11900 Democrat 202-224-6324 PA Bob Robert Casey 2.88888888888889 http://casey.senate.gov/ C001041 1947-10-26 38260 Hillary 'd':4 'ny':5 'sen':1 'clinton':3,7,9 'hillari':2,6,8 F 300022 Clinton Hillary_Clinton Rodham Sen. Hillary Clinton [D, NY] 14835 N00000019 25558 Democrat Methodist NY Hillary Clinton 3.34848484848485 D000563 1944-11-21 8057 309 Hart Senate Office Building http://durbin.senate.gov/contact.cfm 202-228-0400 Richard 'd':4 'il':5 'sen':1 'durbin':3,7,9 'richard':2,6,8 M 300038 Durbin Richard_Durbin J. Sen. Richard Durbin [D, IL] 4406 N00004981 16942 Democrat 202-224-2152 Roman Catholic IL Dick Richard Durbin 3.90384615384615 http://durbin.senate.gov H000206 1939-11-19 3701 731 Hart Senate Office Building http://harkin.senate.gov/c/index.cfm 202-224-9369 Thomas 'd':4 'ia':5 'sen':1 'tom':8 'thoma':2,6,9 'harkin':3,7,10 M 300051 Harkin Tom_Harkin Sen. Thomas Harkin [D, IA] 1929 Tom N00004207 9563 Democrat 202-224-3254 Roman Catholic IA Tom Thomas Harkin 3.10714285714286 http://harkin.senate.gov/ SenatorTomHarkin K000148 1943-12-11 26570 218 Russell Senate Office Building http://kerry.senate.gov/contact/email.cfm 202-224-8525 John 'd':4 'ma':5 'sen':1 'john':2,6,8 'kerri':3,7,9 M 300060 Kerry John_Kerry Forbes Sen. John Kerry [D, MA] 12091 N00000245 14472 Democrat 202-224-2742 Roman Catholic MA John Kerry 2.65384615384615 http://kerry.senate.gov/ L000174 1940-03-31 12797 433 Russell Senate Office Building http://leahy.senate.gov/contact.cfm 202-224-3479 Patrick 'd':4 'vt':5 'sen':1 'leahi':3,7,9 'patrick':2,6,8 M 300065 Leahy Patrick_Leahy J. Sen. Patrick Leahy [D, VT] 6604 N00009918 10154 Democrat 202-224-4242 Roman Catholic VT Patrick Leahy 4.375 http://leahy.senate.gov/ SenatorPatrickLeahy L000261 1934-06-28 12591 269 Russell Senate Office Building http://levin.senate.gov/contact/ 202-224-1388 Carl 'd':4 'mi':5 'sen':1 'carl':2,6,8 'levin':3,7,9 M 300066 Levin Carl_Levin Sen. Carl Levin [D, MI] 7016 N00001691 25884 Democrat 202-224-6221 Jewish MI Carl Levin 2.01515151515152 http://levin.senate.gov/ M001170 1953-07-24 9314 717 Hart Senate Office Building http://mccaskill.senate.gov/contact/ 202-228-6326 Claire 'd':4 'mo':5 'sen':1 'clair':2,6,8 'mccaskil':3,7,9 F 412243 McCaskill Claire_McCaskill Sen. Claire McCaskill [D, MO] 4413 N00027694 11787 Democrat 202-224-6154 MO Claire McCaskill 3.33898305084746 http://mccaskill.senate.gov/ M000639 1954-01-01 5376 528 Hart Senate Office Building http://menendez.senate.gov/contact/contact.cfm 202-228-2197 Robert 'd':4 'nj':5 'bob':8 'sen':1 'robert':2,6,9 'menendez':10 'menéndez':3,7 M 400272 Menéndez Robert_Menendez Sen. Robert Menéndez [D, NJ] 2852 Bob N00000699 14069 Democrat 202-224-4744 Roman Catholic NJ Robert Menendez 2.24324324324324 http://menendez.senate.gov/ SenatorMenendezNJ O000167 1961-08-04 28998 Barack 'obama':2,4,6 'barack':1,3,5 M 400629 Obama Barack_Obama Barack Obama 8812 N00009638 54693 Democrat United Church of Christ Barack Obama 3.72651356993737 R000122 1949-11-12 3242 728 Hart Senate Office Building http://reed.senate.gov/contact/contact-share.cfm 202-224-4680 John 'd':4 'ri':5 'sen':1 'jack':8 'john':2,6,9 'reed':3,7,10 M 300081 Reed Jack_Reed F. Sen. John Reed [D, RI] 1063 Jack N00000362 8961 Democrat 202-224-4642 Roman Catholic RI Jack John Reed 2.875 http://reed.senate.gov/ S000033 1941-09-08 3930 332 Dirksen Senate Office Building http://sanders.senate.gov/comments/ 202-228-0776 Bernard 'vt':5 'sen':1 'berni':8 'sander':3,7,10 'bernard':2,6,9 M 400357 Sanders Bernard_Sanders Sen. Bernard Sanders [I, VT] 1831 Bernie N00000528 9699 Independent 202-224-5141 Jewish VT Bernie Bernard Sanders 6.79245283018868 http://sanders.senate.gov/ SenatorSanders T000464 1956-08-21 5480 204 Russell Senate Office Building http://tester.senate.gov/Contact/ 202-224-8594 Jon 'd':4 'mt':5 'jon':2,6,8 'sen':1 'tester':3,7,9 M 412244 Tester Jon_Tester Sen. Jon Tester [D, MT] 2514 N00027605 8028 Democrat 202-224-2644 MT Jon Tester 2.95454545454545 http://tester.senate.gov/ SenatorJonTester W000802 5051 502 Hart Senate Office Building http://whitehouse.senate.gov/contact/ 202-228-6362 Sheldon 'd':4 'ri':5 'sen':1 'sheldon':2,6,8 'whitehous':3,7,9 M 412247 Whitehouse Sheldon_Whitehouse Sen. Sheldon Whitehouse [D, RI] 2198 N00027533 9085 Democrat 202-224-2921 RI Sheldon Whitehouse 3.5 http://whitehouse.senate.gov/ SenatorWhitehouse introduced 51607 1215662400 Thu Jul 10 00:00:00 -0500 2008 165895 action 51607 1215662400 Thu Jul 10 00:00:00 -0500 2008 165896 Sponsor introductory remarks on measure. (CR S6572-6574) action 51607 1215662400 Thu Jul 10 00:00:00 -0500 2008 165897 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.