CREDIT CARD ACCOUNTABILITY RESPONSIBILITY AND DISCLOSURE (CREDIT CARD) ACT

Amendments

Effective date: establish earlier for various consumer protections (H.R. 3639), H12311, H12312, H12313, H12314, H12316 [4NO]

———establish earlier for various consumer protections (H.R. 3639), consideration (H. Res. 884), H12299 [4NO]

Enact (H.R. 627), S5333, S5338 [11MY], S5349, S5360, S5361, S5362, S5364, S5379, S5380, S5382, S5383, S5384, S5385, S5386, S5387, S5388, S5389, S5393 [12MY], S5416, S5425, S5426, S5444, S5445, S5446, S5447, S5448 [13MY], S5471, S5475, S5531, S5532, S5533, S5534, S5535, S5536, S5537 [14MY], S5625 [19MY], H5824 [20MY]

Articles and editorials

Bank of America Casts Wider Net for Hispanics, S5421 [13MY]

Credit Card Industry Aims To Profit From Sterling Payers, H5836 [20MY]

Credit Card Restrictions Close to Enactment, H5837 [20MY]

Fixing the Bankruptcy System, S5484 [14MY]

Obama Calls for an Extreme Makeover of Our Culture—Are the Credit Card Companies Listening?, S5569 [19MY]

Bills and resolutions

Credit cards: establish a moratorium on interest rate increases (see S. 1927), S10735 [26OC]

Effective date: establish earlier for various consumer protections (see S. 1833), S10635 [21OC] (see H.R. 3639), H9961 [24SE]

———establish earlier for various consumer protections (H.R. 3639), consideration (see H. Res. 884), H12287 [3NO]

———provide earlier (see H.R. 3601), H9729 [17SE]

Enact (H.R. 627): consideration of Senate amendment (see H. Res. 456), H5790 [19MY]

Truth in Lending Act: technical correction (see H.R. 3606), H9730 [17SE]

Cloture motions

Enact (H.R. 627), S5426 [13MY], S5570 [19MY]

Letters

Credit CARD Technical Corrections Act: Dan Mica, Credit Union National Association, H11258 [13OC]

———Deborah Matz, National Credit Union Administration, H11258 [13OC]

———Roshara J. Holub, Missouri Credit Union Association, H11259 [13OC]

FRS authority to specify acceptable forms of identification for opening of credit card accounts: Phyllis Schlafly, Eagle Forum (organization), S5422 [13MY]

Motions

Effective date: establish earlier for various consumer protections (H.R. 3639), H12320 [4NO]

Enact (H.R. 627), S5423, S5424 [13MY], H5832 [20MY]

Remarks in House

Credit cards: clarify that reductions to interest rates can be implemented immediately, H12311, H12312 [4NO]

———freeze interest rate increases on existing balances until effective date for various consumer protections, H12316, H12317 [4NO]

———prevent closure of accounts due to imposition of new fees from negatively impacting credit score, H12314-H12316 [4NO]

———provide that issuers that impose a freeze on increases to interest rates, fees, and contract terms would be exempt from accelerated date requiring application of excess payments to highest rate balance, H12312, H12313 [4NO]

Effective date: establish earlier for various consumer protections (H.R. 3639), H12302-H12323 [4NO], E2723 [5NO]

———establish earlier for various consumer protections (H.R. 3639), consideration (H. Res. 884), H12294-H12301 [4NO]

———establish earlier for various consumer protections (H.R. 3639), motion to recommit, H12321 [4NO]

———establish immediate for various consumer protections, H12313, H12314 [4NO]

Enact (H.R. 627), H5782 [19MY]

———consideration of Senate amendment (H. Res. 456), H5808-H5815 [20MY]

———Senate amendment, H5806, H5823-H5841 [20MY]

Firearms: preserve rights granted under second amendment to the Constitution in national parks and national wildlife refuge areas, H5809-H5814, H5832-H5834, H5837-H5840 [20MY]

FRS: certification of feasibility of implementation of necessary regulations by an earlier effective date, H12321 [4NO]

Truth in Lending Act: technical correction (H.R. 3606), H11257-H11259 [13OC]

Remarks in Senate

Antitrust policy: amend laws to ensure competitive market-based rates and terms for merchants' access to electronic payment systems, S5467, S5468 [14MY]

Consumers: prohibit unfair or deceptive acts or practices relative to gift certificates, store gift cards, and other general use prepaid cards, S5480 [14MY]

Credit: allocate payments in excess of the minimum payment to the portion of the remaining balance with the highest interest rate first, S5493 [14MY]

———allow merchants to offer a discount over credit cards for individuals paying with cash, check, or debit card, S5464, S5467 [14MY]

———ban deceptive marketing of free credit reports, S6178-S6180 [4JN]

———create toll-free number to provide information about credit counseling, S5484 [14MY]

———make credit scores available to consumers once each year free of charge and allow consumers to see the credit score, S5491 [14MY]

———protect consumers from usury, S5363 [12MY], S5415, S5423, S5424 [13MY], S5470 [14MY], S5568 [19MY]

———restore State power to enforce maximum interest rates against out-of-State lenders, S5487, S5488 [14MY]

———specify acceptable forms of identification for opening of credit card accounts, S5361 [12MY], S5421-S5423 [13MY]

Credit cards: establish a moratorium on interest rate increases (S. 1927), S10730, S10737, S10742 [26OC], S10743 [27OC], S11471, S11472 [18NO]

———protect consumers, and especially young consumers, from skyrocketing debt, unfair practices, and deceptive offers, S5409 [13MY], S5468 [14MY]

———require creditors to report terms and conditions of business, marketing, promotional, and college affinity card agreements with institutions of higher education and alumni organizations, S5492 [14MY]

Crime: address criminal and fraudulent monetary transfers using stored value cards and other electronic devices, S5426 [13MY]

Effective date: establish earlier for various consumer protections (S. 1833), S10730 [26OC]

Enact (H.R. 627), S5304, S5313-S5321 [11MY], S5346-S5365 [12MY], S5409-S5412, S5415-S5418, S5420-S5429 [13MY], S5463, S5464, S5466-S5472, S5474-S5476, S5480, S5483, S5484, S5487-S5494, S5496 [14MY], S5548-S5551 [18MY], S5566-S5581, S5600-S5602 [19MY], S6178-S6180 [4JN]

———unanimous-consent agreement, S5353 [12MY]

Enact (S. 414), S5252 [7MY]

Fair Credit Reporting Act: require reporting agencies to provide free credit reports in certain languages other than English, S5364 [12MY]

Federal Deposit Insurance Act: allow temporary waiver of State interest rate limit, S5475, S5492 [14MY]

Firearms: preserve rights granted under second amendment to the Constitution in national parks and national wildlife refuge areas, S5353-S5360 [12MY]

GAO: require study on relationship between fluency in English and financial literacy, S5417 [13MY]

Public debt: require publication of certain facts on the national debt in IRS instructions, Federal websites, and new legislation, S5351-S5353 [12MY], S5423, S5424 [13MY]

Small business: ensure that regulations for enhanced disclosure under an open end credit plan will not result in reduction in availability of credit to small businesses, S5463 [14MY]

Truth in Lending Act: extend credit card protections to small businesses, S5425 [13MY], S5471, S5488-S5491 [14MY]

———technical correction (H.R. 3606), S10943 [29OC]

Reports filed

Consideration of H.R. 3639, Expedited CARD Reform for Consumers Act: Committee on Rules (House) (H. Res. 884) (H. Rept. 111-326), H12287 [3NO]

Consideration of Senate Amendment to H.R. 627, Provisions: Committee on Rules (House) (H. Res. 456) (H. Rept. 111-120), H5790 [19MY]

Expedited CARD Reform for Consumers Act: Committee on Financial Services (House) (H.R. 3639) (H. Rept. 111-314), H11790 [26OC]

Provisions: Committee on Banking, Housing, and Urban Affairs (S. 414) (S. Rept. 111-16), S5065 [4MY]

———Committee on Banking, Housing, and Urban Affairs (Senate) (S. 414), S4890 [29AP]

Texts of

H. Res. 456, consideration of Senate amendment to H.R. 627, provisions, H5808 [20MY]

H. Res. 884, consideration of H.R. 3639, Expedited CARD Reform for Consumers Act, H12294 [4NO]

H.R. 627, provisions, S5573-S5581 [19MY], H5824-H5832 [20MY]

H.R. 3606, Credit CARD Technical Corrections Act, H11257 [13OC]

H.R. 3639, Expedited CARD Reform for Consumers Act, H12311 [4NO]

S. 1927, Credit Card Rate Freeze Act, S10737 [26OC]