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 3
... rate cap proposal . I should note that American Express can do this even ... interest charges at " unconscionable " levels . Whatever the reason , the ... ceilings . At the same time , I am a realist . I know that there are powerful ...
... rate cap proposal . I should note that American Express can do this even ... interest charges at " unconscionable " levels . Whatever the reason , the ... ceilings . At the same time , I am a realist . I know that there are powerful ...
Page 8
... RATES ARE TOO HIGH AND SHOW NO INDICATION OF DRAMATIC DECLINES . THAT IS CLEAR EVIDENCE TO ME , THAT MOST OF ALL THE AMERICAN CONSUMER NEEDS A RATE CEILING ON CREDIT CARDS . I WILL WORK AND FIGHT FOR A CAP ON CREDIT CARD CEILINGS . AT ...
... RATES ARE TOO HIGH AND SHOW NO INDICATION OF DRAMATIC DECLINES . THAT IS CLEAR EVIDENCE TO ME , THAT MOST OF ALL THE AMERICAN CONSUMER NEEDS A RATE CEILING ON CREDIT CARDS . I WILL WORK AND FIGHT FOR A CAP ON CREDIT CARD CEILINGS . AT ...
Page 62
... interest rate ceilings are not sufficient to protect_con- sumers and that's why we need disclosure legislation . I second the comments made by the two previous speakers with respect to indi- vidual points about the legislation and ...
... interest rate ceilings are not sufficient to protect_con- sumers and that's why we need disclosure legislation . I second the comments made by the two previous speakers with respect to indi- vidual points about the legislation and ...
Page 69
... interest rate drops below the ceiling mandated in the bill . -- As a greater number of states enact interest rate ceilings , the need for a federal ceiling has increased . Connecticut recently enacted a 15 % ceiling , joining Texas ...
... interest rate drops below the ceiling mandated in the bill . -- As a greater number of states enact interest rate ceilings , the need for a federal ceiling has increased . Connecticut recently enacted a 15 % ceiling , joining Texas ...
Page 76
... interest rate on unpaid balances , the method of calculating the balance , and whether or not there is a grace ... ceilings on credit card rates and charges . As you well know , New York's housing markets were devastated by statutory ceil- ...
... interest rate on unpaid balances , the method of calculating the balance , and whether or not there is a grace ... ceilings on credit card rates and charges . As you well know , New York's housing markets were devastated by statutory ceil- ...
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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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