HR 1060 · 107th Congress · Finance and Financial Sector

Credit Card Predatory Practices Prevention Act of 2001

Introduced 2001-03-15· Sponsored by Rep. LaFalce, John J. [D-NY-29]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Financial Institutions and Consumer Credit.(2001-03-26)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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

Cosponsors (20)

20 Democrats
Rep. Maloney, Carolyn B. [D-NY-14]NY
Rep. Gutierrez, Luis V. [D-IL-4]IL
Rep. Lee, Barbara [D-CA-9]CA
Rep. Jones, Stephanie Tubbs [D-OH-11]OH
Rep. Capuano, Michael E. [D-MA-8]MA
Rep. Clay, Wm. Lacy [D-MO-1]MO
Rep. Hinchey, Maurice D. [D-NY-26]NY
Rep. Schakowsky, Janice D. [D-IL-9]IL
Rep. Frank, Barney [D-MA-4]MA
Rep. Lantos, Tom [D-CA-12]CA
Rep. Davis, Danny K. [D-IL-7]IL
Rep. Gonzalez, Charles A. [D-TX-20]TX
Rep. Miller, George [D-CA-7]CA
Rep. Rush, Bobby L. [D-IL-1]IL
Rep. Kildee, Dale E. [D-MI-9]MI
Rep. Sanchez, Loretta [D-CA-46]CA
Rep. Clayton, Eva M. [D-NC-1]NC
Rep. Kucinich, Dennis J. [D-OH-10]OH
Rep. Roybal-Allard, Lucille [D-CA-33]CA
Rep. Stark, Fortney Pete [D-CA-13]CA