3.0.0 5383 2023-01-13T04:48:28Z 2023-01-13T04:48:28Z House H HR 2006-05-11 109 hsba00 Financial Services Committee House Standing Referred to 2006-05-11T14:03:50Z 2006-07-28 Sponsor introductory remarks on measure. (CR H6023, E1585) IntroReferral B00100 9 Library of Congress 2006-05-12 Sponsor introductory remarks on measure. (CR E817) IntroReferral B00100 9 Library of Congress 2006-05-11 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2006-05-11 Introduced in House IntroReferral Intro-H 9 Library of Congress 2006-05-11 Introduced in House IntroReferral 1000 9 Library of Congress U000038 Rep. Udall, Mark [D-CO-2] MARK UDALL D CO 2 N S001045 Rep. Stupak, Bart [D-MI-1] BART STUPAK D MI 1 2006-05-11 True R000577 Rep. Ryan, Tim [D-OH-17] TIM RYAN D OH 17 2006-05-11 True C000191 Rep. Carson, Julia [D-IN-7] JULIA CARSON D IN 7 2006-05-11 True G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2006-05-11 True C000380 Del. Christensen, Donna M. [D-VI-At Large] DONNA CHRISTENSEN D VI M. 0 2006-05-11 True C001055 Rep. Case, Ed [D-HI-2] Ed Case D HI 2 2006-05-11 True B001245 Del. Bordallo, Madeleine Z. [D-GU-At Large] Madeleine Bordallo D GU Z. 0 2006-05-17 False C000714 Rep. Conyers, John, Jr. [D-MI-14] JOHN CONYERS D MI 14 2006-05-17 False Finance and Financial Sector Commerce Consumer credit Consumer education Counseling Credit cards Education Families Fees Finance charges Government Operations and Politics Government paperwork Higher education Interest Interest rates Law Liability (Law) Nonprofit organizations Parent and child Personal budgets Social Welfare Students Youth Finance and Financial Sector 00 2006-05-11 Introduced in House 2006-06-13T15:41:11Z 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.

]]> Credit Card Accountability Responsibility and Disclosure Act of 2006 Display Title Credit Card Accountability Responsibility and Disclosure Act of 2006 Official Title as Introduced To amend the Consumer Credit Protection Act to ban abusive credit practices, enhance consumer disclosures, protect underage consumers, and for other purposes. Introduced in House IH Short Titles as Introduced Credit Card Accountability Responsibility and Disclosure Act of 2006 Short Titles as Introduced Credit CARD Act of 2006 Introduced in House 2006-05-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr5383ih/xml/BILLS-109hr5383ih.xml 2006-07-28 Sponsor introductory remarks on measure. (CR H6023, E1585) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.