College Student Credit Card Protection Act

Summary

College Student Credit Card Protection Act - Amends the Truth in Lending Act to limit by a specified formula the total credit extended under a credit card account to a full time, traditional-aged college student (unless the student's parent or guardian assumes joint liability). Prohibits increasing the credit limit on an account for which a parent or guardian has assumed joint liability without the parent's or guardian's approval of such increase. Prohibits a creditor from opening a credit card account for any such college student who: (1) has no annual gross income; and (2) already has a credit card account under an open end consumer credit plan.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 3 January 2001

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• Introduced in House (PDF)

  Introduced in House · EN · 3 January 2001

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 January 2001

  Open at official source

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