3.0.0 2007 2023-01-11T13:19:33Z 2023-01-11T13:19:33Z House H HR 2009-04-21 111 hsba00 Financial Services Committee House Standing Referred to 2009-04-21T18:00:45Z 2009-04-21 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-04-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-04-21 Introduced in House IntroReferral 1000 9 Library of Congress M001173 Rep. Massa, Eric J. J. [D-NY-29] Eric Massa D NY J. J. 29 N Finance and Financial Sector Consumer affairs Consumer credit Contracts and agency Educational facilities and institutions Higher education Interest, dividends, interest rates Marketing and advertising User charges and fees Finance and Financial Sector 00 2009-04-21 Introduced in House 2009-06-30T17:16:37Z American Credit Card Reform Act - Amends the Truth in Lending Act to prohibit the annual percentage rate (APR) applicable to any extension of credit on an open end consumer credit account from exceeding 14%.

Prohibits a credit card issuer from imposing any fee or penalty in connection with a transaction initiated by a consumer in which credit extended under such credit plan is applied to reduce an outstanding balance on another credit card account of the consumer.

Prohibits a credit card issuer from: (1) advertising any credit card account on the grounds of an institution of higher education through the distribution of written applications or solicitations; or (2) amending or changing the terms of a credit card contract so long as the consumer remains in full compliance with the contract's existing terms.

Prohibits the due date for any periodic payment on an outstanding credit card balance from being less than 30 days after: (1) the date of the postmark on the envelope in which the periodic statement was sent to the consumer; or if no postmark appears on the envelope, (2) the date that is three days after the closing date of such periodic statement.

]]> American Credit Card Reform Act Display Title American Credit Card Reform Act Official Title as Introduced To amend the Truth in Lending Act to prevent certain unfair practices by credit card issuers, and for other purposes. Introduced in House IH Short Titles as Introduced American Credit Card Reform Act Introduced in House 2009-04-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr2007ih/xml/BILLS-111hr2007ih.xml 2009-04-21 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.