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HR 1060 107th Congress House

Credit Card Predatory Practices Prevention Act of 2001

Official title: To amend the Truth in Lending Act to prohibit unfair or deceptive creditor acts or practices, and for other purposes.

Introduced: March 15, 2001 See on congress.gov
Finance and Financial Sector Bank marketingCivil actions and liabilityCommerceConsumer credit
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Consumer educationConsumer protectionCredit cardsCredit insuranceDamagesDebtor and creditorDeceptive advertisingDistrict courtsFederal preemptionFederal-state relationsFeesFinance chargesFinancial servicesFinancial statementsGovernment Operations and PoliticsGovernment paperworkInjunctionsInterest ratesLawParties to actionsRestrictive trade practicesState laws
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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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 26, 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
Introduced in House
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 Latest action March 26, 2001

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Plain-English summary Congressional Research Service
Credit Card Predatory Practices Prevention Act of 2001 - Amends the Consumer Credit Protection Act to prohibit as unfair and deceptive specified creditor practices with respect to a credit card account under an open-end consumer credit plan, including practices involved in: (1) credit card solicitations; and (2) account administration.

Provides for notice to the consumer of failure to qualify for credit, and the reasons therefor.

Permits State authorities to bring an action to enjoin violations of this Act and enforce compliance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 2
D
Davis, Danny K.
Illinois · Apr 3, 2001
 D
Schakowsky, Janice D.
Illinois · Mar 15, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1060: Credit Card Predatory Practices Prevention Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-1060/
MLA
"H.R. 1060: Credit Card Predatory Practices Prevention Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-1060/.
Bluebook (legal)
H.R. 1060, 107th Cong. (2026), https://openamerica.io/bill/107-HR-1060/.
Markdown link
[H.R. 1060: Credit Card Predatory Practices Prevention Act of 2001](https://openamerica.io/bill/107-HR-1060/)
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