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- H.R.5988
H.R.5988: Fair and Justifiable Credit Card Interest Rate Act of 2008
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about finance and financial sector
- Introduced May 7, 2008
- Latest Major Action May 7, 2008
Bill Sponsor
Bill Cosponsors
5 (All Democrats)
Bill Summary
Fair and Justifiable Credit Card Interest Rate Act of 2008 - Amends the Truth in Lending Act to prohibit the annual percentage rate applicable to any extension of credit on a credit card account under an open end consumer credit plan from exceeding 20%.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Financial Services.
|
|
| May 7, 2008 |
Introduced in the House by Maurice D. Hinchey (D-N.Y.) |