A bill to amend the Fair Credit Billing Act (Public Law 93-495) with respect to the use of cash discounts.
Fair Credit Billing Act Amendments - Defines the term "discount" under the Fair Credit Billing Act as meaning a reduction made from the regular price for purposes of the Truth in Lending Act.
Prohibits sellers covered by the Fair Credit Billing Act from imposing a surcharge on a credit card holder who elects to use such credit card in lieu of payment by cash or check.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Currency and Housing.
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