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United States · Bill · HR

H.R. 1060 (107th)

Credit Card Predatory Practices Prevention Act of 2001

referredUnited States· United States Congress· EN

Introduced

15 March 2001

Last action

Status

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Sponsors

Subjects

Discovery layer

Source updated

19 August 2025

Summary

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.

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Documents

3 official files

Introduced in House (text)

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