Bill Type
Congress Name
Long Title
AN ACT REQUIRING CREDIT CARD CORPORATIONS TO GIVE THEIR CONSUMERS NINETY DAYS NOTICE BEFORE CHANGING THEIR ANNUAL CREDIT PERCENTAGE RATE OF INTEREST APPLICABLE ON ANY CREDIT CARD ACCOUNT OR BEFORE CHANGING THE INDEX USED TO DETERMINE SUCH RATE
Date filed
September 27, 2007
Scope
Legislative History
| House Bill/Resolution NO. HB02758 | |
| FULL TITLE : AN ACT REQUIRING CREDIT CARD CORPORATIONS TO GIVE THEIR CONSUMERS NINETY DAYS NOTICE BEFORE CHANGING THEIR ANNUAL CREDIT PERCENTAGE RATE OF INTEREST APPLICABLE ON ANY CREDIT CARD ACCOUNT OR BEFORE CHANGING THE INDEX USED TO DETERMINE SUCH RATE | |
| SHORT TITLE : "Credit Card Interest Rate Change Disclosure Act" | |
| ABSTRACT : The bill requires credit card companies to give credit cardholders a 90-day notice before changing the annual percentage rate of interest on credit card accounts or before changing the index used to determine such rate. | |
| PRINCIPAL AUTHOR/S : SANTIAGO, NARCISO III D. | |
| DATE FILED : 2007-09-27 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Mendoza (M.) | 2. Madrona |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON TRADE AND INDUSTRY ON 2007-10-04 |
Abstract
The bill requires credit card companies to give credit cardholders a 90-day notice before changing the annual percentage rate of interest on credit card accounts or before changing the index used to determine such rate.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.