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HR 1052 107th Congress House Finance and Financial Sector Administrative procedure Bank marketing Checks Commerce Consumer credit Consumer education Consumer protection Credit cards Damages Debit cards Debtor and creditor Electronic commerce Families Federal Reserve System Fees Finance charges Financial statements Government Operations and Politics Government paperwork

Consumer Credit Card Protection Amendments of 2001

Introduced: March 15, 2001 See on congress.gov
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 2, 2001
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Mar 15, 2001
Referred to the House Committee on Financial Services.
Mar 15, 2001
Sponsor introductory remarks on measure. (CR E379)
Mar 15, 2001
Introduced in House
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 Plain-English summary Congressional Research Service
Consumer Credit Card Protection Amendments of 2001 - Amends the Consumer Credit Protection Act to require specified additional disclosures by a creditor of open-end consumer credit plans regarding: (1) minimum monthly payments; (2) Internet-based applications and solicitations for a credit card account; and (3) credit card applications or solicitations whose annual percentage rates of interest are applicable for an introductory period of less than one year ("teaser rates").

Prohibits: (1) inactivity fees if the consumer maintains an outstanding balance and is charged an attendant finance charge; (2) penalties for on-time payments; (3) fees for extensions of credit in excess of the authorized amount if such extension was made in connection with a creditor-approved transaction; (4) two-cycle billing for certain extensions of credit; and (5) any increase in interest rates or fees on canceled cards above those applicable as of the cancellation date.

Sets forth application requirements for credit cards issued to underage consumers.

Mandates: (1) advance notice of any interest rate increase applicable to an outstanding credit balance; (2) disclosure of interest rates and fees upon credit advances through third-party checks; and (3) specified disclosures relating to late payment deadlines and penalties.

Redefines "credit card" to include specified dual-purpose or multifunction cards.

What's happening now April 2, 2001

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 3
D
Davis, Danny K.
Illinois · Apr 3, 2001
 D
DeLauro, Rosa L.
Connecticut · Mar 15, 2001
 D
Schakowsky, Janice D.
Illinois · Mar 15, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1052: Consumer Credit Card Protection Amendments of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-1052/
MLA
"H.R. 1052: Consumer Credit Card Protection Amendments of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-1052/.
Bluebook (legal)
H.R. 1052, 107th Cong. (2026), https://openamerica.io/bill/107-HR-1052/.
Markdown link
[H.R. 1052: Consumer Credit Card Protection Amendments of 2001](https://openamerica.io/bill/107-HR-1052/)
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