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- S.235
S.235: Credit Cardholders' Bill of Rights Act of 2009
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about finance and financial sector
- Introduced Jan. 14, 2009
- Latest Major Action Jan. 14, 2009
Bill Sponsor
Bill Cosponsors
3 (All Democrats)
Bill Summary
Credit Cardholders' Bill of Rights Act of 2009 - Amends the Truth in Lending Act to prohibit a creditor from increasing any annual percentage rate of interest (APR) applicable to the existing balance on an open end credit card account unless specified conditions are met. Allows a creditor to increase an APR on the existing credit card balance only if the increase is due solely to one of three specified circumstances. Requires a 45-day advance...
(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. 14, 2009 |
Introduced in the Senate by Charles E. Schumer (D-N.Y.) |