H.R.5988: To amend the Truth in Lending Act to impose a cap on the rate of interest that may be charged on consumer credit card accounts, and for other purposes.

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To amend the Truth in Lending Act to impose a cap on the rate of interest that may be charged on consumer credit card accounts, and for other purposes.

5/7/2008--Introduced.

Fair and Justifiable Credit Card Interest Rate Act of 2008 - Amends the Truth in Lending Act to prohibit the annual percentage rate applicable to any extension of credit on a credit card account under an open end consumer credit plan from exceeding 20%.

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05/07/2008 - Referred to the House Committee on Financial Services.

Bill Text

File name		Last Updated
	H.R.5988 Introduced in House	05/11/2008

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Maurice D. Hinchey

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H.R.5988: To amend the Truth in Lending Act to impose a cap on the rate of interest that may be charged on consumer credit card accounts, and for other purposes.

Maurice D. Hinchey

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