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HR 274 105th Congress House Finance and Financial Sector Advertising Commerce Consumer credit Consumer education Credit cards Government Operations and Politics Interest rates Sales promotion

Truth in Credit Card Offers Act

Introduced: January 7, 1997 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
Feb 14, 1997
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Jan 7, 1997
Referred to the House Committee on Banking and Financial Services.
Jan 7, 1997
Introduced in House
 Plain-English summary Congressional Research Service

Truth in Credit Card Offers Act - Amends the Truth in Lending Act to mandate disclosure of: (1) each annual percentage rate of interest that will actually apply to preapproved credit card solicitations or applications for an open end consumer credit plan; (2) a precise description of the index or other basis and the manner used to determine such rate; and (3) such rate in typeface twice as high as that used for any other item in the table.

What's happening now February 14, 1997

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Committees of jurisdiction 2