3.0.0 2327 2023-01-11T13:19:16Z 2023-01-11T13:19:16Z House H HR 2009-05-07 111 hsba00 Financial Services Committee House Standing Referred to 2009-05-07T14:06:46Z 2009-05-07 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-05-07 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-05-07 Introduced in House IntroReferral 1000 9 Library of Congress H001036 Rep. Hensarling, Jeb [R-TX-5] Jeb Hensarling R TX 5 N B001248 Rep. Burgess, Michael C. [R-TX-26] Michael Burgess R TX C. 26 2009-05-07 True B001250 Rep. Bishop, Rob [R-UT-1] Rob Bishop R UT 1 2009-05-07 True K000363 Rep. Kline, John [R-MN-2] John Kline R MN 2 2009-05-07 True C001062 Rep. Conaway, K. Michael [R-TX-11] K. Conaway R TX Michael 11 2009-05-07 True S000275 Rep. Shadegg, John B. [R-AZ-3] JOHN SHADEGG R AZ 3 2009-05-07 True P000373 Rep. Pitts, Joseph R. [R-PA-16] JOSEPH PITTS R PA R. 16 2009-05-07 True G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 2009-05-07 True B000755 Rep. Brady, Kevin [R-TX-8] KEVIN BRADY R TX 8 2009-05-07 True M000508 Rep. McKeon, Howard P. "Buck" [R-CA-25] HOWARD MCKEON R CA P. 25 2009-05-07 True G000550 Rep. Gingrey, Phil [R-GA-11] Phil Gingrey R GA 11 2009-05-07 True O000168 Rep. Olson, Pete [R-TX-22] Pete Olson R TX 22 2009-05-07 True G000552 Rep. Gohmert, Louie [R-TX-1] Louie Gohmert R TX 1 2009-05-07 True P000592 Rep. Poe, Ted [R-TX-2] Ted Poe R TX 2 2009-05-07 True F000456 Rep. Fleming, John [R-LA-4] John Fleming R LA 4 2009-05-07 True L000571 Rep. Lummis, Cynthia M. [R-WY-At Large] Cynthia Lummis R WY M. 0 2009-05-07 True M001158 Rep. Marchant, Kenny [R-TX-24] Kenny Marchant R TX 24 2009-05-07 True N000182 Rep. Neugebauer, Randy [R-TX-19] Randy Neugebauer R TX 19 2009-05-07 True P000599 Rep. Posey, Bill [R-FL-15] Bill Posey R FL 15 2009-05-07 True F000450 Rep. Foxx, Virginia [R-NC-5] Virginia Foxx R NC 5 2009-05-07 True Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Consumer affairs Consumer credit Department of the Treasury Federal Reserve System Interest, dividends, interest rates National Credit Union Administration Finance and Financial Sector 00 2009-05-07 Introduced in House 2009-07-07T20:53:07Z Protection of Consumer Credit and Consumer Choice Act of 2009 - Prohibits the Board of Governors of the Federal Reserve, the Office of Thrift Supervision, and the National Credit Union Administration from taking any action to implement any rule relating to credit cards published in the Federal Register on January 29, 2009, or any substantially similar rule, on the basis of a determination by such agencies that practices relating to credit card practices constitute an unfair act or practice in or affecting commerce.

Amends the Truth in Lending Act to direct the Board to issue regulations with respect to credit card accounts under an open end consumer credit plan to require a card issuer to provide clear and conspicuous disclosures pertaining to: (1) the time provided to make timely payments; (2) allocation of payments when different annual percentage rates (APRs) apply to different balances of such accounts; (3) increases in APRs; (4) two-cycle average daily balance method of balance calculation; and (5) fees that may be assessed at the opening of such accounts.

Requires a credit card issuer to provide advance written notice of a change in such terms before it takes effect, with certain exceptions.

]]> Protection of Consumer Credit and Consumer Choice Act of 2009 Display Title Protection of Consumer Credit and Consumer Choice Act of 2009 Official Title as Introduced To preserve consumer choice and access to credit and enhance consumer disclosures. Introduced in House IH Short Titles as Introduced Protection of Consumer Credit and Consumer Choice Act of 2009 Introduced in House 2009-05-07T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr2327ih/xml/BILLS-111hr2327ih.xml 2009-05-07 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.