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United States · Bill · HR

H.R. 1461 (110th)

Credit CARD Act of 2007

referredUnited States· United States Congress· EN

Introduced

9 March 2007

Last action

9 March 2007 · Introduced

Status

Referred to the House Committee on Financial Services.

Sponsors

Sen. Udall, Mark [D-CO], Rep. Cleaver, Emanuel [D-MO-5], Rep. Filner, Bob [D-CA-51], Rep. Jones, Stephanie Tubbs [D-OH-11], Rep. Napolitano, Grace F. [D-CA-32], Rep. Gutierrez, Luis V. [D-IL-4], Rep. Carson, Julia [D-IN-7], Rep. Clay, Wm. Lacy [D-MO-1], Rep. Wynn, Albert Russell [D-MD-4], Rep. Schakowsky, Janice D. [D-IL-9], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Fattah, Chaka [D-PA-2], Rep. Waxman, Henry A. [D-CA-33], Rep. Meek, Kendrick B. [D-FL-17], Rep. Ellison, Keith [D-MN-5], Rep. Hodes, Paul W. [D-NH-2], Del. Christensen, Donna M. [D-VI-At Large], Rep. Serrano, Jose E. [D-NY-15], Rep. Jackson Lee, Sheila [D-TX-18], Rep. Ryan, Tim [D-OH-13], Rep. Farr, Sam [D-CA-20], Rep. Clarke, Yvette D. [D-NY-9], Rep. Cummings, Elijah E. [D-MD-7], Rep. Honda, Michael M. [D-CA-15], Rep. Miller, George [D-CA-11], Rep. Lynch, Stephen F. [D-MA-8], Rep. Baird, Brian [D-WA-3], Rep. Scott, Robert C. "Bobby" [D-VA-3], Rep. Davis, Danny K. [D-IL-7], Sen. Hirono, Mazie K. [D-HI], Rep. Sánchez, Linda T. [D-CA-38], Rep. Lofgren, Zoe [D-CA-18], Rep. Wu, David [D-OR-1], Rep. Blumenauer, Earl [D-OR-3], Rep. Watt, Melvin L. [D-NC-12], Rep. Payne, Donald M. [D-NJ-10], Rep. Conyers, John, Jr. [D-MI-13], Rep. Johnson, Henry C. "Hank" [D-GA-4], Rep. Moran, James P. [D-VA-8], Rep. Sestak, Joe [D-PA-7], Rep. Tierney, John F. [D-MA-6]

Subjects

Discovery layer

Source updated

14 August 2025

Official sourceDownload fileView documentsShare

Summary

Credit Card Accountability Responsibility and Disclosure Act of 2007, or the Credit CARD Act of 2007 - Amends the Truth in Lending Act to require advance notice of any increase in the annual percentage rate (APR) of interest pertaining to a credit card account under an open end consumer credit plan. Imposes a freeze on interest rate terms and fees on canceled cards. Prohibits: (1) penalties for on-time payments; (2) fees for non-use of credit card; (3) over-the-limit fees for creditor-approved transactions; and (4) use by a credit card issuer of adverse information unrelated to a cardholder's account with that issuer in order to increase the APR under an open-end consumer credit plan. Requires disclosure of: (1) repayment information applicable to the outstanding balance; and (2) late payment deadlines, postmark dates, and any increase in interest rates for late payments. Increases the civil penalty against any creditor who fails to comply with specified requirements in the case of an individual action relating to an open end credit plan that is not secured by real property or a dwelling. Prohibits issuance of: (1) a credit card under an open end credit plan on behalf of a consumer who has not attained the age of 18, unless the consumer has submitted a written application meeting specified requirements; or (2) certain affinity cards to students unless certain requirements have been met.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 9 March 2007

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 9 March 2007

    Introduced

    Sponsor introductory remarks on measure. (CR E501-502)

    Source: IntroReferral

  3. 9 March 2007

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 9 March 2007

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 9 March 2007

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  • Introduced in House (PDF)

    Introduced in House · EN · 9 March 2007

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  • Introduced in House

    summary · EN · 9 March 2007

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Sponsors

Related records

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Sources

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