U.S. Congress - S.392 Credit Card Reform Act of 2009
S.392 - Credit Card Reform Act of 2009
A bill to protect consumers, and especially young consumers, from skyrocketing credit card debt, unfair credit card practices, and deceptive credit offers. view all titles (2)
All Bill Titles
- Official: A bill to protect consumers, and especially young consumers, from skyrocketing credit card debt, unfair credit card practices, and deceptive credit offers. as introduced.
- Short: Credit Card Reform Act of 2009 as introduced.
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Official Summary
2/6/2009--Introduced.Credit Card Reform Act of 2009 - Amends the Fair Credit Reporting Act to permit a consumer reporting agency to furnish a consumer report in connection with any credit or insurance transaction that is not initiated by the consumer only if the report indicates that the cOfficial Summary
2/6/2009--Introduced.Credit Card Reform Act of 2009 - Amends the Fair Credit Reporting Act to permit a consumer reporting agency to furnish a consumer report in connection with any credit or insurance transaction that is not initiated by the consumer only if the report indicates that the consumer is age 21 or older. Allows 18-year olds to elect to have their name and address included in any agency list. Amends the Truth in Lending Act to prohibit a credit card issuer from changing the terms of a credit card under an open end consumer credit plan:(1) before the scheduled contract expiration or renewal date; and
(2) until the issuer has published all contract changes in any mandatory disclosures. Establishes a cardholder right to repay all existing balances on a terminated or expired credit card account under the terms of the account in effect before the termination or expiration.Imposes limits upon increases of interest rates and finance charges on a credit card account before its scheduled renewal date.Permits an increase in the annual percentage rate (APR) as a penalty only for specific, material contract violations of a consumer directly related to the account that are specified in the contract as grounds for an increase. Bans retroactive rate increases.Prohibits a credit card issuer from imposing adverse consequences for late payment if the cardholder's payment is postmarked or initiated by electronic funds transfer on or before the required postmark date. Requires a credit card issuer to verify, when the account is opened or the credit limit increased, that the consumer will be able to make the scheduled payments, based on a consideration of current and expected income, current obligations, and employment status.Amends the Fair Credit Reporting Act to redefine "firm offer of credit or insurance" to require the offer to specify all material terms, including APR, fees, and the applicable amount of credit or credit limit.
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Recent News Coverage
200. Geburtstag von Charles Darwin
Die Anfänge der Menschheit, München 1982, S.392.) Der Psychologe Jerome Bruner betont in seinen Schriften über die geistige Entwicklung von Kindern, ...
Recent Blog Coverage
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THE QUEEN v HUTCHINGS | 73 Wire
DISPOSITION: Appeal allowed. SOLICITORS: Solicitors for appellants: Gregory & Co.; for H. & G. W. Fox. Solicitors for respondent: Norris, Allen & Co.; for Diggles & Ogden. n(1) 5 M. & S. 392. Comments are closed. ...
Rez. AG: F. McLynn: Marcus Aurelius - H-Soz-u-Kult / Rezensionen ...
53), Aelius Aristides und Galen ergeht es nicht besser (S. 392 u. 348f.). Ein geheimnisvoller „subtext“ der Selbstbetrachtungen (S. 75; vgl. 95) soll Kritik an der Behandlung durch Antoninus Pius, einen „pedantic, control-freak, ...
Diskussion zur Quotenentwicklung - Sat.1 Forum
Videotext, S. 392) ab 3 Jahre: 1,96 Mio.; 9,3 % 14-49 Jahre: 0,85 Mio.; 11,5 % Also, noch mal ein Stück runtergegangen. Auch kein Wunder, schließlich gibt es außer ein paar neuer Kulissen und Gesichtern kaum was Interessantes zu sehen. ...
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