summary
Introduced
09/11/2023
09/11/2023
In Committee
09/11/2023
09/11/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A bill to amend the Truth in Lending Act to cap credit card interest rates.
AI Summary
This bill aims to amend the Truth in Lending Act to cap credit card interest rates at 18 percentage points, inclusive of all finance charges. It prohibits creditors from using non-finance charge fees to circumvent the interest rate cap, and subjects any violations of this provision to the penalties outlined in Section 130 of the Truth in Lending Act.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 09/11/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/senate-bill/2760/all-info |
| BillText | https://www.congress.gov/118/bills/s2760/BILLS-118s2760is.pdf |
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