Amendment111th Congress
Amendment clarifies that changes to a credit card agreement which reduce a customer's interest rate or other fees can be implemented immediately, instead of being subject to the 45-day waiting period required under the CARD Act of 2009.
- Amendment Number
- 494
- Description
- Amendment clarifies that changes to a credit card agreement which reduce a customer's interest rate or other fees can be implemented immediately, instead of being subject to the 45-day waiting period required under the CARD Act of 2009.
- Purpose
- An amendment numbered 1 printed in Part B of House Report 111-326 to clarify that changes to a credit card agreement that reduce a customer's interest rate or other fees can be implemented immediately, instead of being subject to the 45-day waiting period required under the CARD Act of 2009.
- Congress
- 111
- Type
- HAMDT
- Latest Action Date
- Nov 4, 2009
- Latest Action Text
- On agreeing to the Hensarling amendment (A001) Agreed to by recorded vote: 427 - 0 (Roll no. 845).
- Latest Action Time
- 14:14:28
- Submitted Date
- Nov 4, 2009
- Chamber
- House of Representatives
- Update Date
- Dec 5, 2020