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HR 4320 104th Congress House Finance and Financial Sector Advertising Commerce Consumer credit Consumer education Credit cards Economics and Public Finance Government Operations and Politics Interest rates

Truth in Credit Card Offers Act

Introduced: September 28, 1996 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 28, 1996
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Sep 28, 1996
Referred to the House Committee on Banking and Financial Services.
Sep 28, 1996
Introduced in House
 Plain-English summary Congressional Research Service

Truth in Credit Card Offers Act - Amends the Truth in Lending Act to declare that: (1) only one annual percentage rate of interest may be disclosed as the applicable rate for preapproved credit card solicitations or applications for an open end consumer credit plan; and (2) the typeface used to disclose such rate shall be twice as high as that used for any other item in the table.

What's happening now September 28, 1996

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Committees of jurisdiction 2