Credit Card Interest Rate Ceiling and Disclosure: Hearing Before the Subcommittee on Consumer Affairs and Coinage of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, One-hundredth Congress, First Session, on H.R. 78; H.R. 244; H.R. 515; H.R. 1086; and H.R. 1584, March 18, 1987 |
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Page 11
... IMPOSED ON CREDIT CARD INTEREST RATES . 7 Section 106 of the Truth in Lending Act ( 15 U.S.C. 8 1605 ) is amended by adding at the end thereof the following 9 new subsection : 2 1 " ( f ) MAXIMUM CONSUMER CREDIT CARD 11.
... IMPOSED ON CREDIT CARD INTEREST RATES . 7 Section 106 of the Truth in Lending Act ( 15 U.S.C. 8 1605 ) is amended by adding at the end thereof the following 9 new subsection : 2 1 " ( f ) MAXIMUM CONSUMER CREDIT CARD 11.
Page 15
... imposed in connection with a credit card account . " ( C ) The date by which or the period within which any credit extended for the purchase of goods or services by means of a credit card must be repaid to avoid incurring a finance ...
... imposed in connection with a credit card account . " ( C ) The date by which or the period within which any credit extended for the purchase of goods or services by means of a credit card must be repaid to avoid incurring a finance ...
Page 19
... such rate is applicable , and the corresponding annual percent- age rate with respect to each such periodic rate . " ( C ) Any annual or other fee imposed for the issuance or use of a credit card . HR 515 IH 2 3 4 5 6 7 8 9 10 11 19.
... such rate is applicable , and the corresponding annual percent- age rate with respect to each such periodic rate . " ( C ) Any annual or other fee imposed for the issuance or use of a credit card . HR 515 IH 2 3 4 5 6 7 8 9 10 11 19.
Page 26
... imposed for the availability of the account ; “ ( 3 ) whether or not any time period is provided within which any credit extended in connection with purchases of goods and services may be repaid without incurring a finance charge ; and ...
... imposed for the availability of the account ; “ ( 3 ) whether or not any time period is provided within which any credit extended in connection with purchases of goods and services may be repaid without incurring a finance charge ; and ...
Page 27
... imposed for the availability of the account , which shall be expressed as an annua- lized amount ; “ ( B ) that charges incurred by use of the charge card are due and payable upon the receipt of a periodic statement rendered for such ...
... imposed for the availability of the account , which shall be expressed as an annua- lized amount ; “ ( B ) that charges incurred by use of the charge card are due and payable upon the receipt of a periodic statement rendered for such ...
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Common terms and phrases
American Bankers Association American Express annual fee annual percentage rate bank card bank credit card Barnard card holders card interest rates cardholders cards issued ceiling on credit Chairman ANNUNZIO charge card Citibank competition Congress consumer credit COSENTINO cost of funds credit card accounts credit card applications credit card cost credit card disclosure credit card industry credit card interest credit card issuers credit card market credit card plans credit card rates credit plan creditor customers disclose disclosure bill disclosure legislation disclosure requirements discount rate Discover card effect Federal Reserve Finance and Urban finance charge Frank Annunzio grace period high interest rates HILER Illinois imposed increase interest rate ceilings Lending Act limited loans March 18 MasterCard million offer open-end credit Optima percent prime rate rate cap regulations require disclosure Roth statement subsection sumer take-one Thank transaction Truth in Lending Urban Affairs
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