3.0.0 3977 2023-01-11T13:17:48Z 2023-01-11T13:17:48Z House H HR 2009-10-29 111 hsba00 Financial Services Committee House Standing Referred to 2009-10-29T14:03:48Z 2009-10-29 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-10-29 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-10-29 Introduced in House IntroReferral 1000 9 Library of Congress S001174 Rep. Sutton, Betty [D-OH-13] Betty Sutton D OH 13 N G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2009-10-29 True B000911 Rep. Brown, Corrine [D-FL-3] CORRINE BROWN D FL 3 2009-10-29 True K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 2009-10-29 True H001040 Rep. Hare, Phil [D-IL-17] Phil Hare D IL 17 2009-10-29 True H001042 Rep. Hirono, Mazie K. [D-HI-2] Mazie Hirono D HI K. 2 2009-10-29 True S001045 Rep. Stupak, Bart [D-MI-1] BART STUPAK D MI 1 2009-10-29 True H000324 Rep. Hastings, Alcee L. [D-FL-23] ALCEE HASTINGS D FL L. 23 2009-10-29 True S001165 Rep. Sires, Albio [D-NJ-13] Albio Sires D NJ 13 2009-10-29 True C001069 Rep. Courtney, Joe [D-CT-2] Joe Courtney D CT 2 2009-10-29 True M001172 Rep. Markey, Betsy [D-CO-4] Betsy Markey D CO 4 2009-10-29 True F000116 Rep. Filner, Bob [D-CA-51] BOB FILNER D CA 51 2009-11-02 False C001065 Rep. Carney, Christopher P. [D-PA-10] Christopher Carney D PA P. 10 2009-11-02 False M000933 Rep. Moran, James P. [D-VA-8] JAMES MORAN D VA P. 8 2009-11-02 False B001259 Rep. Braley, Bruce L. [D-IA-1] Bruce Braley D IA L. 1 2009-11-02 False M000725 Rep. Miller, George [D-CA-7] GEORGE MILLER D CA 7 2009-11-04 False Finance and Financial Sector Administrative law and regulatory procedures Consumer affairs Consumer credit Federal Reserve System User charges and fees Finance and Financial Sector 00 2009-10-29 Introduced in House 2009-12-15T21:58:42Z Credit Card Fee Limitation and Accountability Act - Amends the Truth in Lending Act, as amended by the Credit CARD Act of 2009, to prohibit a creditor from imposing upon an open-end consumer credit account any fee related to failure of the consumer to: (1) use the credit card to obtain an extension of credit; (2) carry an outstanding balance from any billing cycle to another; and (3) obtain a minimum amount of credit under such account during any specified period.

Permits a consumer to: (1) cancel an account within 45 days of receiving notice of an annual fee if no such fee existed upon the account's initial opening; and (2) pay any outstanding account balance at the time of cancellation in accordance with the terms in effect at the time of such cancellation.

Prohibits a creditor, as a result of such cancellation, from taking action against a consumer which would adversely affect the consumer's ability to obtain credit under open-end consumer credit plan.

Requires any annual fee that a card issuer may impose with respect to a credit card account under an open-end consumer credit plan to be reasonable.

Directs the Board of Governors of the Federal Reserve System to issue final rules, within six months after the enactment of this Act, to establish standards for assessing whether the amount of any annual fee is reasonable.

Amends the Fair Credit Reporting Act to prohibit a consumer credit reporting entity from taking action or making any determination based upon consumer cancellation of a credit card account which would result in a consumer credit score lower than that which would result without taking such cancellation into account.


]]> Credit Card Fee Limitation and Accountability Act Display Title Credit Card Fee Limitation and Accountability Act Official Title as Introduced To amend the Truth in Lending Act to establish limits on certain fees with regard to credit card accounts under open end consumer credit plans, and for other purposes. Introduced in House IH Short Titles as Introduced Credit Card Fee Limitation and Accountability Act Introduced in House 2009-10-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr3977ih/xml/BILLS-111hr3977ih.xml 2009-10-29 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.