Skip to main content
H.R. 515 100th Congress House

Fair Credit and Charge Card Disclosure Act of 1988

Official title: A bill to provide for more detailed and uniform disclosure by credit card issuers with respect to information on interest rates and other fees which may be inc… Show full official titleShow less

Official title: A bill to provide for more detailed and uniform disclosure by credit card issuers with respect to information on interest rates and other fees which may be incurred by consumers through the use of any credit card.

Introduced: January 7, 1987 Introduced by: Charles E. Schumer Democratic · New York See on congress.gov
Commerce Consumer creditConsumer educationConsumer protectionCredit
More subjectsShow fewer subjects
Credit cardsCredit insuranceDirect mail advertisingEconomic impact statementsFederal preemptionFinance and Financial SectorFinance chargesInsuranceInterestInterest ratesMarketing
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 50 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 3, 1988
Became Public Law No: 100-583.
Nov 3, 1988
Signed by President.
Oct 25, 1988
Presented to President.
Oct 21, 1988
Measure Signed in Senate.
Oct 20, 1988
House Agreed to Conference Report by Yea-Nay Vote: 342 - 5 (Record Vote No: 451).
Oct 20, 1988
Conference report agreed to in House: House Agreed to Conference Report by Yea-Nay Vote: 342 - 5 (Record Vote No: 451).
Oct 20, 1988
Proceedings Vacated Whereby Conference Report was Agreed on Oct 19, 88, by Unanimous Consent.
Oct 19, 1988
House Agreed to Conference Report by Voice Vote.
Oct 19, 1988
Conference report agreed to in House: House Agreed to Conference Report by Voice Vote.
Oct 13, 1988
Considered by House Unfinished Business.
Oct 12, 1988
Rules Committee Resolution H.Res.584 Reported to House.
Oct 12, 1988
Message on Senate action sent to the House.
Oct 12, 1988
Committee on Rules Granted a Rule Waiving All Points of Order Against Consideration of the Conference Report.
Oct 11, 1988
Senate agreed to conference report by Voice Vote.
Oct 11, 1988
Conference report agreed to in Senate: Senate agreed to conference report by Voice Vote.
Oct 6, 1988
Conference papers: Senate report and managers' statement held at the desk in Senate.
Oct 6, 1988
Conference Report 100-1069 Filed in House.
Oct 6, 1988
Conference report filed: Conference Report 100-1069 Filed in House.
Oct 6, 1988
Message on Senate action sent to the House.
Oct 5, 1988
Conferees agreed to file conference report.
Oct 5, 1988
Conference committee actions: Conferees agreed to file conference report.
Oct 5, 1988
Senate agreed to request for conference. Appointed conferees. Proxmire; Dodd; Gramm.
Oct 5, 1988
Senate insists on its amendments by Voice Vote.
Oct 4, 1988
Message on House action received in Senate and held at desk: House requests a conference.
Oct 3, 1988
House Requested a Conference and Speaker Appointed Conferees: St Germain, Annunzio, Gonzalez, Pelosi, Barnard, Schumer, Wylie, Shumway, Hiler, Ridge.
Oct 3, 1988
House Disagreed to Senate Amendments by Voice Vote.
Oct 3, 1988
Resolving differences -- House actions: House Disagreed to Senate Amendments by Voice Vote.
Dec 22, 1987
Message on Senate action sent to the House.
Dec 21, 1987
Passed Senate with an amendment by Voice Vote.
Dec 21, 1987
Passed/agreed to in Senate: Passed Senate with an amendment by Voice Vote.
Dec 16, 1987
Placed on Senate Legislative Calendar under General Orders. Calendar No. 495.
Dec 16, 1987
Committee on Banking. Reported to Senate by Senator Proxmire with an amendment in the nature of a substitute. With written report No. 100-259. Additional views filed.
Dec 2, 1987
Committee on Banking. Ordered to be reported in lieu of S. 616 with an amendment in the nature of a substitute favorably.
Oct 30, 1987
Received in the Senate and read twice and referred to the Committee on Banking.
Oct 28, 1987
Passed House (Amended) by Yea-Nay Vote: 408 - 1 (Record Vote No: 382).
Oct 28, 1987
Passed/agreed to in House: Passed House (Amended) by Yea-Nay Vote: 408 - 1 (Record Vote No: 382).
Oct 28, 1987
House Agreed to Amendments Adopted by the Committee of the Whole.
Oct 28, 1987
Committee Amendment in the Nature of a Substitute Considered as an Original Bill for the Purpose of Amendment.
Oct 28, 1987
Rule Passed House.
Oct 27, 1987
Rules Committee Resolution H.Res.292 Reported to House.
Oct 27, 1987
Committee on Rules Granted an Open Rule Providing One Hour of Debate; Waiving All Points of Order.
Sep 30, 1987
Placed on Union Calendar No: 198.
Sep 30, 1987
Reported to House (Amended) by House Committee on Banking, Finance and Urban Affairs. Report No: 100-323.
Aug 6, 1987
Ordered to be Reported (Amended).
Aug 6, 1987
Committee Consideration and Mark-up Session Held.
Mar 18, 1987
Forwarded by Subcommittee to Full Committee (Amended).
Mar 18, 1987
Subcommittee Consideration and Mark-up Session Held.
Mar 18, 1987
Subcommittee Hearings Held.
Jan 7, 1987
Referred to Subcommittee on Consumer Affairs and Coinage.
Jan 7, 1987
Referred to House Committee on Banking, Finance and Urban Affairs.
 Amendments to this bill 2

Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.

1 failed 1 with no recorded outcome

AmendmentSponsorPurposeStatusLatest action
HAMDT 478 – An amendment to prohibit imposition of credit card renewal fees unless a creditor notifies a card holder of t… No recorded outcome Oct 28, 1987
HAMDT 477 – An amendment to establish a floating credit card interest rate ceiling which may not exceed a rate greater th… Failed Oct 28, 1987
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action November 3, 1988

Became Public Law No: 100-583.

 Plain-English summary Congressional Research Service

Full Credit Card Cost Disclosure Act - Amends the Truth in Lending Act to require that all credit card applications and solicitations include information regarding the annual interest rate, finance charge conditions, and other related charges and fees.

Requires such information, as prescribed by the Board of Governors of the Federal Reserve System, to be prominently displayed in table form.

 Related & companion bills 5
  • HRES 292 Procedurally related A resolution providing for the consideration of the bill (H.R. 515) to provide for more detailed and uniform disclosure…
  • HRES 584 Procedurally related A resolution waiving all points of order against the conference report on the bill (H.R. 515) to provide for more detai…
  • HR 244 Full Credit Card Cost Disclosure Act of 1987
  • HR 1086 Fair Credit and Charge Card Disclosure Act of 1987
  • S 616 Full Credit Card Cost Disclosure Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 5
All 5 Democratic 4
D
Durbin, Richard J.
Illinois · Mar 10, 1987
 D
Markey, Edward J.
Massachusetts · Feb 26, 1987
 D
Mfume, Kweisi
Maryland · Feb 26, 1987
 D
Kaptur, Marcy
Ohio · Jan 27, 1987
KLECZKA, GERALD
· Jan 27, 1987
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 515: Fair Credit and Charge Card Disclosure Act of 1988. 100th Congress. Open America. https://openamerica.io/bill/100-HR-515/
MLA
"H.R. 515: Fair Credit and Charge Card Disclosure Act of 1988." 100th Congress, 2026, Open America, https://openamerica.io/bill/100-HR-515/.
Bluebook (legal)
H.R. 515, 100th Cong. (2026), https://openamerica.io/bill/100-HR-515/.
Markdown link
[H.R. 515: Fair Credit and Charge Card Disclosure Act of 1988](https://openamerica.io/bill/100-HR-515/)
Report a problem