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United States · Bill · HR

H.R. 1975 (105th)

Credit Card Consumer Protection Act of 1997

referredUnited States· United States Congress· EN

Introduced

19 June 1997

Last action

14 July 1997 · Referred

Status

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Sponsors

Rep. Kennedy, Joseph P., II [D-MA-8], Rep. Borski, Robert A. [D-PA-3], Rep. Delahunt, William D. [D-MA-10], Rep. Dellums, Ronald V. [D-CA-9], Rep. Evans, Lane [D-IL-17], Rep. Filner, Bob [D-CA-51], Rep. Gejdenson, Sam [D-CT-2], Rep. Kucinich, Dennis J. [D-OH-10], Rep. Roybal-Allard, Lucille [D-CA-40], Rep. Stark, Fortney Pete [D-CA-13], Rep. Kildee, Dale E. [D-MI-5], Rep. Luther, Bill [D-MN-6], Rep. Rush, Bobby L. [D-IL-1], Rep. LaFalce, John J. [D-NY-29], Rep. Davis, Danny K. [D-IL-7], Rep. Olver, John W. [D-MA-1], Rep. Lee, Barbara [D-CA-12]

Subjects

Discovery layer

Source updated

21 August 2025

Official sourceDownload fileView documentsShare

Summary

Credit Card Consumer Protection Act of 1997 - Amends the Truth in Lending Act to: (1) prohibit fee assessment against a credit card account under an open-end consumer credit plan solely on the basis of on-time payments; (2) require advance notice of any interest rate increase for a credit card account, and of the consumer's right to cancel such account before the effective date of that increase; and (3) prohibit post-cancellation increases in interest rates and fees on the outstanding balance of any canceled cards. Mandates disclosure to a credit card account holder of the fees and interest rates imposed upon credit advances through the use of third party checks. Proscribes over-the-limit fees in creditor-approved transactions, and two-cycle billing. Prescribes additional notice requirements governing introductory rates to identify the fixed and variable interest rate which will apply following the introductory period.

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

Timeline

  1. 19 June 1997

    Introduced

    Referred to the House Committee on Banking and Financial Services.

    Source: IntroReferral

  2. 19 June 1997

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 19 June 1997

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 14 July 1997

    Referred

    Referred to the Subcommittee on Financial Institutions and Consumer Credit.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 19 June 1997

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 19 June 1997

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 19 June 1997

    Open at official source

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Sponsors

Related records

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Sources

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