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
 
H.Amdt 91 Apr 30th Pass An amendment numbered 2 printed in House Report 111-92 to require the Federal Reserve 1) to review the consumer credit card market, including through solicitation of public comment, and report to Congress every two years; 2) publish a summary of this review in the Federal Register, along with proposed regulatory changes (or an explanation for why no such changes are proposed). The amendment also requires the Federal banking agencies and the FTC to submit to the Federal Reserve, for inclusion in the Federal Reserve's annual report to Congress, information about the agencies' supervisory and enforcement activities related to credit card issuers' compliance with consumer protection laws. (View on THOMAS)
H.Amdt 90 Apr 30th Pass An amendment numbered 1 printed in House Report 111-92 to allow issuers to charge consumers for expedited payments by telephone when consumers request such an expedited payment, and would make technical corrections; would require that all credit card offers notify prospective applicants that excessive credit applications can adversely affect their credit rating; would direct the Board of Governors of the Federal Reserve to suggest appropriate guidelines for creditors to supply cardholders with information regarding the availability of legitimate and accredited credit counseling services; would require all written information, provisions, and terms in or on any application, solicitation, contract, or agreement for any credit card account under an open end consumer credit to appear in no less than 12 point font; and would require that stores who are self-issuers of credit cards display a large visible sign at counters with the same information that is required to be disclosed on the application itself. (View on THOMAS)
H.Amdt 106 Apr 30th Pass An amendment numbered 17 printed in House Report 111-92 to allow consumers who have not activated an issued credit card within 45 days, to contact the issuing institution to cancel the card and have it removed from their credit report entirely. If after 45 days the card has not been activated it is automatically removed from any such report. (View on THOMAS)
H.Amdt 105 Apr 30th Pass An amendment numbered 16 printed in House Report 111-92 to restrict credit card issuers from making adverse reports to credit rating agencies regarding deployed military service members and disabled veterans during the first two years of their disability. (View on THOMAS)
H.Amdt 104 Apr 30th Pass An amendment numbered 15 printed in House Report 111-92 to require creditors to post their credit card written agreements on their websites, and requires the Board to compile and report those agreements on its website. (View on THOMAS)
H.Amdt 103 Apr 30th Pass An amendment numbered 14 printed in House Report 111-92 to require a 6-month period for a promotional rate for credit cards before the standard rate may be increased. (View on THOMAS)
H.Amdt 102 Apr 30th 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. (View on THOMAS)
H.Amdt 101 Apr 30th 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. (View on THOMAS)
H.Amdt 100 Apr 30th 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. (View on THOMAS)

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