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- H.R.1461
H.R.1461: Credit Card Accountability Responsibility and Disclosure Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about education
- Introduced March 9, 2007
- Latest Major Action March 9, 2007
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
40 (All Democrats)
Bill Summary
Credit Card Accountability Responsibility and Disclosure Act of 2007, or the Credit CARD Act of 2007 - Amends the Truth in Lending Act to require advance notice of any increase in the annual percentage rate (APR) of interest pertaining to a credit card account under an open end consumer credit plan. Imposes a freeze on interest rate terms and fees on canceled cards. Prohibits: (1) penalties for on-time payments; (2) fees for non-use of credit...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Financial Services.
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| March 9, 2007 |
Introduced in the House by Mark Udall (D-Colo.) |