Bill Type
Congress Name
Long Title
AN ACT AMENDING SECTION 5 AND 8 OF REPUBLIC ACT NO. 8484, OTHERWISE KNOWN AS THE ACCESS DEVICES REGULATION ACT OF 1998", AND FOR OTHER PURPOSES
Text as filed (link)
Date filed
July 3, 2013
Scope
Legislative History
| House Bill/Resolution NO. HB01031 |
| FULL TITLE : AN ACT AMENDING SECTION 5 AND 8 OF REPUBLIC ACT NO. 8484, OTHERWISE KNOWN AS THE ACCESS DEVICES REGULATION ACT OF 1998", AND FOR OTHER PURPOSES |
| ABSTRACT : Requires credit card companies to include and disclose in the billing statement a reliable and truthful computation of the penalties and charges that would accrue should the consumer opt to pay below or at least the minimum amount due. |
| PRINCIPAL AUTHOR/S : ROMULO, ROMAN T. |
| DATE FILED : 2013-07-03 |
| SIGNIFICANCE: NATIONAL |
| NATURE : Economic |
| ACTIONS TAKEN BY THE COMMITTEE |
| MOTHER BILL: HB05417 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 2014-01-21 |
| PREVIOUS COMMITTEE REFERRALS :PRIMARILY REFERRED TO INFORMATION AND COMMUNICATIONS TECHNOLOGY on 2013-07-29; |
Abstract
Requires credit card companies to include and disclose in the billing statement a reliable and truthful computation of the penalties and charges that would accrue should the consumer opt to pay below or at least the minimum amount due.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.