United States · Bill · S
S. 2421 (99th)
Fair Credit Card Act of 1986
Introduced
7 May 1986
Last action
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Status
Subcommittee on Financial Institutions. Hearings held. Hearings printed: S.Hrg. 99-751.
Sponsors
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Subjects
Discovery layer
Source updated
29 August 2025
Summary
Fair Credit Card Act of 1986 - Amends the Truth in Lending Act to direct the Federal Reserve Board to issue regulations requiring that credit card solicitations mailed to consumers disclose information about finance charge conditions, interest rates, and annual fees and related charges. Requires the balance upon which such finance charges may be imposed to be computed using an average daily balance method or alternative method which benefits the consumer. Directs the Federal Reserve Board to issue regulations on such methods.
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 7 May 1986
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/99th-congress/senate-bill/2421
- Open data entity: https://api.congress.gov/v3/bill/99/s/2421