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- H.R.1608
H.R.1608: Protecting Consumers from Unreasonable Credit Rates Act of 2009
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about finance and financial sector
- Introduced March 19, 2009
- Latest Major Action March 19, 2009
Bill Sponsor
Bill Cosponsors
19 (All Democrats)
Bill Summary
Protecting Consumers from Unreasonable Credit Rates Act of 2009 - Amends the Truth in Lending Act to prohibit a creditor from extending credit to a consumer under an open end consumer credit plan (credit card) for which the fee and interest rate exceeds 36%. Sets forth criminal penalties for violation of this Act. Empowers state Attorneys General to enforce this Act. Revises requirements for a periodic statement for each billing cycle with...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Financial Services.
|
|
| March 19, 2009 |
Introduced in the House by Jackie Speier (D-Calif.) |