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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Number Date Offered Status Purpose
 
S.Amdt 1059 May 11th Offered (View on THOMAS)
S.Amdt 1058 May 11th Pass In the nature of a substitute. (View on THOMAS)
H.Amdt 99 Apr 30th Fail An amendment numbered 10 printed in House Report 111-92 to allow creditors to use retroactive rate increases, universal default, and "double cycle billing" practices as long as they offer at least one card option that does not have those billing features to all of their existing customers. (View on THOMAS)
H.Amdt 98 Apr 30th Fail An amendment numbered 9 printed in House Report 111-92 to allow issuers to raise rates on existing balances if they provide consumers clear notification 90 days in advance, provided that the issuer has previously specified this ability to consumers in their contract and at least once every year thereafter. (View on THOMAS)
H.Amdt 97 Apr 30th Pass An amendment numbered 8 printed in House Report 111-92 to require credit cardholders to opt-into receiving over-the-limit protection on their credit card in order for a credit card company to charge an over-the-limit fee. Allows for transactions that go over the limit to be completed for operational reasons as long as they are of a de minimis amount, but the credit card company is not allowed to charge a fee. (View on THOMAS)
H.Amdt 96 Apr 30th Pass An amendment numbered 7 printed in House Report 111-92 to require the Federal Reserve Board, in consultation with the Federal Trade Commission and other agencies, to establish regulations that would allow estate administrators to resolve outstanding credit balances in a timely manner. (View on THOMAS)
H.Amdt 95 Apr 30th Pass An amendment numbered 6 printed in House Report 111-92 to clarify that minors are allowed to have a credit card in their name on their parent or legal guardian's account. (View on THOMAS)
H.Amdt 94 Apr 30th Pass An amendment numbered 5 printed in House Report 111-92 to require the Chair of the Federal Reserve to submit a report on the level of implementation of this bill every 90 days until the Chair can report full industry implementation. (View on THOMAS)
H.Amdt 93 Apr 30th Pass An amendment numbered 4 printed in House Report 111-92 to require credit card issuers to allocate payments in excess of the minimum payment to the portion of the remaining balance with the highest outstanding APR first, and then to any remaining balances in descending order, eliminating the pro rata option. (View on THOMAS)
H.Amdt 92 Apr 30th Pass An amendment numbered 3 printed in House Report 111-92 to set underwriting standards for students' credit cards, including limiting credit lines to the greater of 20 percent of a student's annual income or $500, without a co-signer and requiring creditors to obtain a proof of income, income history, and credit history from college students before approving credit applications. (View on THOMAS)

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