Credit CARD Act of 2006

Summary

Credit Card Accountability Responsibility and Disclosure Act of 2006, or the Credit CARD Act of 2006 - Amends the Truth in Lending Act to require advance notice of any increase in the annual percentage rate (APR) of interest pertaining 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; and (2) over-the-limit fees for creditor-approved transactions. Requires disclosure of: (1) the 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 21, 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. 11 May 2006

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 11 May 2006

   Introduced

   Introduced in House

   Source: IntroReferral

3. 11 May 2006

   Introduced

   Introduced in House

   Source: IntroReferral

4. 12 May 2006

   Introduced

   Sponsor introductory remarks on measure. (CR E817)

   Source: IntroReferral

5. 28 July 2006

   Introduced

   Sponsor introductory remarks on measure. (CR H6023, E1585)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 11 May 2006 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 11 May 2006

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 11 May 2006

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 11 May 2006

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Udall, Mark [D-CO] · D · Sponsor
• Rep. Stupak, Bart [D-MI-1] · D · Sponsor
• Rep. Ryan, Tim [D-OH-13] · D · Sponsor
• Rep. Carson, Julia [D-IN-7] · D · Sponsor
• Rep. Grijalva, Raúl M. [D-AZ-7] · D · Sponsor
• Del. Christensen, Donna M. [D-VI-At Large] · D · Sponsor
• Rep. Case, Ed [D-HI-1] · D · Sponsor
• Del. Bordallo, Madeleine Z. [D-GU-At Large] · D · Cosponsor
• Rep. Conyers, John, Jr. [D-MI-13] · D · Cosponsor
• · hsba00 · Standing

Related records

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