A bill to amend the Truth in Lending Act to require that solicitations for new credit card accounts shall include more complete disclosure of conditions and costs for the extension of credit, and for other purposes.
Full Credit Card Cost Disclosure Act of 1987 - Amends the Truth in Lending Act to require that all credit card solicitations include information regarding the annual interest rate, finance charge conditions, and other related charges and fees.
Requires such information to be prominently displayed and in table form.
Became Public Law No: 100-583.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to Subcommittee on Consumer Affairs and Coinage.
Subcommittee Hearings Held.
For Further Action See H.R.515.
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