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- S.2542
S.2542: Credit Card Minimum Payment Notification Act of 2008
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about finance and financial sector
- Introduced Jan. 22, 2008
- Latest Major Action Jan. 22, 2008
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Credit Card Minimum Payment Notification Act of 2008 - 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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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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Jan. 22, 2008 |
Introduced in the Senate by Dianne Feinstein (D-Calif.) |