To amend the Truth in Lending Act to require credit card statements to include the date by which a consumer's payment by mail must be postmarked in order to avoid the late fee and to prohibit a late fee for a consumer's payment by mail which is postmarked by such date, and for other purposes.
Mandates that an open end consumer credit plan which provides for an extension of credit secured by the consumer's principal dwelling disclose the due date determination method for any periodic payment on an outstanding balance.
Introduced in House
Introduced in House
Referred to the House Committee on Banking and Financial Services.
Sponsor introductory remarks on measure. (CR E2459)
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
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