HR 4410
105th Congress
House
Finance and Financial Sector
Commerce
Consumer credit
Consumer protection
Credit cards
Fees
Finance charges
Interest rates
Credit Card On-Time Payment Protection Act of 1998
Introduced: August 5, 1998
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 5, 1998
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Aug 5, 1998
Referred to the House Committee on Banking and Financial Services.
Aug 5, 1998
Sponsor introductory remarks on measure. (CR E1550-1551)
Aug 5, 1998
Introduced in House
Plain-English summary
Credit Card On-Time Payment Protection Act of 1998 - Amends the Truth in Lending Act to prohibit a creditor from cancelling an account, imposing a minimum finance charge, imposing any fee in lieu of such charge, or imposing any other charge or penalty with respect to a credit card account under an open-end consumer credit plan solely on the basis that credit has been repaid in full before the end of any grace period.
What's happening now
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Committees of jurisdiction
2
Cosponsors
1