S 647 · 100th Congress · Commerce

Credit Card Account Holder Protection Act

Introduced 1987-03-03· Sponsored by Sen. Sasser, Jim [D-TN]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Subcommittee on Consumer Affairs. Hearings held. Hearings printed: S.Hrg. 100-119.(1987-04-21)

Plain Language Summary

[AI summary unavailable — showing source text] Credit Card Account Holder Protection Act - Amends the Truth in Lending Act to limit credit card interest rates to not more than six percentage points above the average Federal Reserve discount rate during the six months preceding the date of determination. Requires credit card issuers to disclose certain information regarding interest rates and fees in applications and solicitations.…

Summarized by Claude AI · Non-partisan · For informational purposes only