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- H.R.4413
H.R.4413: Credit Card Minimum Payment Notification Act
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about finance and financial sector
- Introduced Nov. 18, 2005
- Latest Major Action Jan. 5, 2006
Bill Sponsor
Bill Cosponsors
4 (3 Democrats, 2 Republicans)
Bill Summary
Credit Card Minimum Payment Notification Act - Amends the Truth in Lending Act regarding disclosures required with each billing cycle under an open end consumer credit plan to require a credit card issuer to include in specified type a written statement in the following form: "Minimum Payment Warning: Making only the minimum payment will increase the interest you pay and the time it takes to repay your balance." Prescribes additional...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Referred to the House Committee on Financial Services.
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|
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Referred to the Subcommittee on Financial Institutions and Consumer Credit.
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| Nov. 18, 2005 |
Introduced in the House by Kendrick B. Meek (D-Fla.) |