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- H.R.1975
H.R.1975: Credit Card Consumer Protection Act of 1997
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about government operations and politics
- Introduced June 19, 1997
- Latest Major Action July 14, 1997
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
16 (All Democrats)
Bill Summary
Credit Card Consumer Protection Act of 1997 - Amends the Truth in Lending Act to: (1) prohibit fee assessment against a credit card account under an open-end consumer credit plan solely on the basis of on-time payments; (2) require advance notice of any interest rate increase for a credit card account, and of the consumer's right to cancel such account before the effective date of that increase; and (3) prohibit post-cancellation increases in...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Banking and Financial Services.
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|
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
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June 19, 1997 |
Introduced in the House by Joseph P. Kennedy II (D-Mass.) |