3.0.0 1510 2023-01-11T19:52:06Z 2023-01-11T19:52:06Z House H HR 2007-03-13 110 hsba00 Financial Services Committee House Standing Referred to 2007-03-13T14:32:50Z 2007-03-13 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2007-03-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-03-13 Introduced in House IntroReferral 1000 9 Library of Congress P000523 Rep. Price, David E. [D-NC-4] DAVID PRICE D NC E. 4 N M000933 Rep. Moran, James P. [D-VA-8] JAMES MORAN D VA P. 8 2007-03-13 True G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2007-03-13 True F000043 Rep. Fattah, Chaka [D-PA-2] CHAKA FATTAH D PA 2 2007-03-13 True R000577 Rep. Ryan, Tim [D-OH-17] TIM RYAN D OH 17 2007-03-13 True C000714 Rep. Conyers, John, Jr. [D-MI-14] JOHN CONYERS D MI 14 2007-03-13 True S001162 Rep. Schwartz, Allyson Y. [D-PA-13] Allyson Schwartz D PA Y. 13 2007-03-13 True E000226 Rep. Etheridge, Bob [D-NC-2] BOB ETHERIDGE D NC 2 2007-03-13 True U000038 Rep. Udall, Mark [D-CO-2] MARK UDALL D CO 2 2007-03-13 True B001227 Rep. Brady, Robert A. [D-PA-1] ROBERT BRADY D PA A. 1 2007-04-26 False W000738 Rep. Woolsey, Lynn C. [D-CA-6] LYNN WOOLSEY D CA 6 2007-04-26 False S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2007-04-26 False J000032 Rep. Jackson-Lee, Sheila [D-TX-18] SHEILA JACKSON-LEE D TX 18 2007-04-26 False W000215 Rep. Waxman, Henry A. [D-CA-30] HENRY WAXMAN D CA A. 30 2007-05-21 False L000551 Rep. Lee, Barbara [D-CA-9] BARBARA LEE D CA 9 2007-05-21 False W000784 Rep. Wynn, Albert Russell [D-MD-4] ALBERT WYNN D MD R. 4 2007-05-21 False Finance and Financial Sector Administrative procedure Commerce Consumer education Counseling Credit cards Debt Debtor and creditor Federal Reserve System Federal Trade Commission Financial services Government Operations and Politics Independent regulatory commissions Interest Interest rates Law Nonprofit organizations Science, Technology, Communications Social Welfare Telephone Finance and Financial Sector 00 2007-03-13 Introduced in House 2007-04-12T16:29:48Z Credit Card Repayment Act of 2007 - Amends the Truth in Lending Act to include among the mandatory disclosures at each billing cycle of open end consumer credit plans: (1) the words "Minimum Payment Warning: making only the minimum payment will increase the amount of interest that you pay and the time it will take to repay your outstanding balance;" (2) the number of years and months it would take the consumer to pay the entire amount of the balance if the consumer pays only the required minimum monthly payments; (3) the total cost to the consumer, as well as a breakdown in principal and interest payments, of paying that balance in full if the consumer pays only the required minimum monthly payments, and if no further advances are made; (4) the monthly payment amount that would be required to eliminate the outstanding balance in 36 months if no further advances are made; and (5) a toll-free telephone number for information about accessing credit counseling and debt management services.

Directs the Board of Governors of the Federal Reserve System and the Federal Trade Commission to issue jointly guidelines for creditors to establish and maintain a toll-free telephone number for such disclosures.

]]> Credit Card Repayment Act of 2007 Official Title as Introduced To require enhanced disclosure to consumers regarding the consequences of making only minimum required payments in the repayment of credit card debt, and for other purposes. Introduced in House IH Display Title Credit Card Repayment Act of 2007 Short Titles as Introduced Credit Card Repayment Act of 2007 Introduced in House 2007-03-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr1510ih/xml/BILLS-110hr1510ih.xml 2007-03-13 Referred to the House Committee on Financial Services. 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.