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Latest Update: Wednesday, October, 15th 2008
To amend the Truth in Lending Act to establish fair and transparent practices relating to the extension of credit under an open end consumer credit plan, and for other purposes. 2/7/2008--Introduced. Credit Cardholders' Bill of Rights Act of 2008 - Amends the Truth in Lending Act to prohibit a creditor from using certain adverse information, including information in a consumer report or any change in a consumer's credit score, as the basis for increasing any annual percentage rate (APR) of interest on the consumer's outstanding balance under an open end consumer credit plan, except for actions or omissions of the consumer directly related to such account. (Thus eliminates the universal default for credit already outstanding.) Bars a creditor from changing any term of the contract or agreement of an open end consumer credit plan until contract renewal, except for specific material reasons already contained in the contract or agreement. Requires advance notice [...] show full description
- 10/02/2008 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 09/24/2008 - Received in the Senate.
- 09/23/2008 - Rule H. Res. 1476 passed House.
- 09/23/2008 - Considered under the provisions of rule H. Res. 1476. (consideration: CR H8598?8613)
- 09/23/2008 - Rule provides for consideration of H.R. 5244 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. The amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill shall be considered as adopted.
show all actions- 10/02/2008 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 09/24/2008 - Received in the Senate.
- 09/23/2008 - Rule H. Res. 1476 passed House.
- 09/23/2008 - Considered under the provisions of rule H. Res. 1476. (consideration: CR H8598?8613)
- 09/23/2008 - Rule provides for consideration of H.R. 5244 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. The amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill shall be considered as adopted.
- 09/23/2008 - DEBATE - The House proceeded with one hour of debate on H.R. 5244.
- 09/23/2008 - The previous question was ordered pursuant to the rule.
- 09/23/2008 - Mr. Castle moved to recommit with instructions to Financial Services.
- 09/23/2008 - DEBATE - The House proceeded with 10 minutes of debate on the Castle motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment inserting a new section providing a trigger for enactment.
- 09/23/2008 - The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H8598-8613)
- 09/23/2008 - On motion to recommit with instructions Failed by the Yeas and Nays: 198 - 219 (Roll no. 622). (text: CR H8598-8600)
- 09/23/2008 - On passage Passed by recorded vote: 312 - 112 (Roll no. 623). (text: CR H8600-8602)
- 09/23/2008 - Motion to reconsider laid on the table Agreed to without objection.
- 09/23/2008 - Considered under the provisions of rule H. Res. 1476. (consideration: CR H8598-8613)
- 09/23/2008 - The previous question was ordered pursuant to the rule. (consideration: CR H8612)
- 09/23/2008 - Mr. Castle moved to recommit with instructions to Financial Services. (consideration: CR H8611-8612; text: CR H8612)
- 09/23/2008 - On motion to recommit with instructions Failed by the Yeas and Nays: 198 - 219 (Roll no. 622). (text: CR H8612-8613)
- 09/23/2008 - On passage Passed by recorded vote: 312 - 112 (Roll no. 623). (text: CR H8598-8602)
- 09/22/2008 - Rules Committee Resolution H. Res. 1476 Reported to House. Rule provides for consideration of H.R. 5244 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. The amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill shall be considered as adopted.
- 09/16/2008 - Reported (Amended) by the Committee on Financial Services. H. Rept. 110-857.
- 09/16/2008 - Placed on the Union Calendar, Calendar No. 554.
- 07/31/2008 - Subcommittee on Financial Institutions and Consumer Credit Discharged.
- 07/31/2008 - Committee Consideration and Mark-up Session Held.
- 07/31/2008 - Ordered to be Reported (Amended) by the Yeas and Nays: 39 - 27.
- 04/17/2008 - Referred to the Subcommittee on Financial Institutions and Consumer Credit.
- 04/17/2008 - Subcommittee Hearings Held.
- 02/07/2008 - Referred to the House Committee on Financial Services.
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