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HR 3492 109th Congress House

Consumer Credit Card Protection Act of 2005

Official title: To amend the Truth in Lending Act to protect consumers from unfair practices of credit card issuers, and for other purposes.

Introduced: July 29, 2005 Introduced by: Sanders, Bernard Independent · Vermont See on congress.gov
Finance and Financial Sector CommerceConsumer creditConsumer educationConsumer protection
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Credit cardsFeesInterest rates
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) 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
Aug 24, 2005
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Jul 27, 2005
Referred to the House Committee on Financial Services.
Jul 27, 2005
Introduced in House
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 Latest action August 24, 2005

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Plain-English summary Congressional Research Service

Consumer Credit Card Protection Act of 2005 - Amends the Truth in Lending Act to prohibit a creditor from using adverse information concerning a consumer as the basis for increasing any annual percentage rate of interest applicable to a credit card account of the consumer under an open end consumer credit plan, or to remove or increase any introductory annual percentage rate of interest applicable to such account, for reasons other than actions or omissions of the consumer that are directly related to such account (universal default).

Expands mandatory disclosures governing an open end consumer credit plan to include clear and conspicuous minimum payment terms with respect to the outstanding balance on the account, including prescribed details expressed in tabular format and in close proximity.

Requires a creditor to furnish advance notice as a prerequisite to increasing rates or imposing fees on a consumer credit card account.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 7
All 7 Democratic 5
D
Nadler, Jerrold
New York · Jul 11, 2006
Watson, Diane
· Mar 15, 2006
KILPATRICK, CAROLYN
· Jan 31, 2006
 D
Markey, Edward J.
Massachusetts · Dec 15, 2005
 D
DeLauro, Rosa L.
Connecticut · Oct 7, 2005
 D
Moore, Gwen
Wisconsin · Jul 29, 2005
 D
Schakowsky, Janice D.
Illinois · Jul 29, 2005
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3492: Consumer Credit Card Protection Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-HR-3492/
MLA
"H.R. 3492: Consumer Credit Card Protection Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-3492/.
Bluebook (legal)
H.R. 3492, 109th Cong. (2026), https://openamerica.io/bill/109-HR-3492/.
Markdown link
[H.R. 3492: Consumer Credit Card Protection Act of 2005](https://openamerica.io/bill/109-HR-3492/)
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