Amendment sought to allow creditors to use retroactive rate increases, universal default, and "double cycle billing" practices as long as they offer at least one card option that does not have those billing features to all of their existing customers.

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Amendment Number
99
Description
Amendment sought to allow creditors to use retroactive rate increases, universal default, and "double cycle billing" practices as long as they offer at least one card option that does not have those billing features to all of their existing customers.
Purpose
An amendment numbered 10 printed in House Report 111-92 to allow creditors to use retroactive rate increases, universal default, and "double cycle billing" practices as long as they offer at least one card option that does not have those billing features to all of their existing customers.
Congress
111
Type
HAMDT
Latest Action Date
Apr 30, 2009
Latest Action Text
On agreeing to the Hensarling amendment (A010) Failed by voice vote.
Latest Action Time
13:15:26
Submitted Date
Apr 30, 2009
Chamber
House of Representatives
Update Date
Jul 11, 2021
Amendment 99 — Informed