To amend the Consumer Credit Protection Act to prevent credit card issuers from taking unfair advantage of full-time, traditional-aged, college students, to protect parents of traditional college student credit cards holders, and for other purposes.
Prohibits a creditor from opening a credit card account for any full time, traditional-aged college student who has no annual gross income and already has a credit card account under an open end consumer credit plan.
Requires that mandated disclosures in any open end consumer credit application and solicitation be in a typeface at least as large as the largest typeface otherwise used in the application or solicitation.
Introduced in House
Introduced in House
Referred to the House Committee on Banking and Financial Services.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Sponsor introductory remarks on measure. (CR E2439)
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line