U.S. Congress - H.R.627 Credit CARD Act of 2009
H.R.627 - Credit CARD Act of 2009
To amend the Truth in Lending Act to establish fair and transparent practices relating to the extension of credit under an open end consumer credit plan, and for other purposes. view all titles (10)
All Bill Titles
- Official: To amend the Truth in Lending Act to establish fair and transparent practices relating to the extension of credit under an open end consumer credit plan, and for other purposes. as introduced.
- Short: Credit Cardholders' Bill of Rights Act of 2009 as introduced.
- Short: Credit Cardholders' Bill of Rights Act of 2009 as reported to house.
- Short: Credit Cardholders' Bill of Rights Act of 2009 as passed house.
- Short: Credit Card Accountability Responsibility and Disclosure Act of 2009, or the Credit CARD Act of 2009 as passed senate.
- Popular: Credit CARD Act of 2009 as introduced.
- Short: Credit Card Accountability Responsibility and Disclosure Act of 2009 as passed senate.
- Short: Credit CARD Act of 2009 as passed senate.
- Short: Credit Card Accountability Responsibility and Disclosure Act of 2009 as enacted.
- Short: Credit CARD Act of 2009 as enacted.
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| Latest Amendment | Status | Purpose View All Amendments [89] |
|---|---|---|
| H.Amdt100 | Pass | An amendment numbered 11 printed in House Report 111-92 to provide that the amount of a balance as of the 7-day mark, instead of the 14-day mark, following a notice of a rate increase would be protected from the rate increase. |
| H.Amdt101 | Pass | An amendment numbered 12 printed in House Report 111-92 to require credit card issuers to provide enhanced disclosure to consumers regarding minimum payments, including a written Minimum Payment Warning statement on all monthly statements as well as information regarding the monthly payment amount and total cost that would be required for the consumer to eliminate the outstanding balance in 12, 24 and 36. Would require credit card issuers to provide a toll-free telephone number at which the consumer may receive information about accessing credit counseling and debt management services. |
| H.Amdt102 | Pass | An amendment numbered 13 printed in House Report 111-92 to require card issuers to notify cardholders 30 days before closing their accounts, the reason for the account closure, options to keep the account open, programs available to repay the balance, and the resulting impact on their credit score. |
| Latest Actions View All Actions [155] | |
|---|---|
| Jan 22nd | Referred to the House Committee on Financial Services. |
| Jan 22nd | Sponsor introductory remarks on measure. (CR E122) |
| Jan 22nd | |
Latest Vote
Result: Passed - May 20, 2009
Roll call number 277 in the House
Question: Concur In Sec. 512 of Sen Amdt.: H R 627 Credit Cardholders’ Bill of Rights Act of 2009
Required percentage of 'Aye' votes: 1/2 (50%)
Percentage of 'aye' votes:
64%
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