H.R. 184 — College Student Credit Card Protection Act

Summary

College Student Credit Card Protection Act - Amends the Truth in Lending Act to limit by a specified formula the total credit extended under a credit card account to a full time, traditional-aged college student (unless the student's parent or guardian assumes joint liability). Prohibits increasing the credit limit on an account for which a parent or guardian has assumed joint liability without the parent's or guardian's approval of such increase.

Prohibits a creditor from opening a credit card account for any such college student who: (1) has no annual gross income; and (2) already has a credit card account under an open end consumer credit plan.

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Legislative Actions

2001-01-03
Introduced in House
2001-01-03
Introduced in House
2001-01-03
Sponsor introductory remarks on measure. (CR E2-3)
2001-01-03
Referred to the House Committee on Financial Services.
2001-03-02
Referred to the Subcommittee on Financial Institutions and Consumer Credit.

College Student Credit Card Protection Act

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Summary

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Legislative Actions

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