Amendment modifies the Truth in Lending Act to require credit card issuers to make disclosures regarding interest rates, minimum monthly payments, and late fees, and subjects worldwide web-based credit card solicitations to the same disclosures as other credit card solicitations.

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Amendment Number
55
Description
Amendment modifies the Truth in Lending Act to require credit card issuers to make disclosures regarding interest rates, minimum monthly payments, and late fees, and subjects worldwide web-based credit card solicitations to the same disclosures as other credit card solicitations.
Purpose
An amendment to modify the Truth in Lending Act to require credit card issuers to make disclosures regarding interest rates, monthly payment information, and late fees, and subjects worldwide web-based credit card solicitations to the same disclosures as other credit card solicitations.
Congress
106
Type
HAMDT
Latest Action Date
May 5, 1999
Latest Action Text
On agreeing to the Moran (VA) amendment (A002) Agreed to by voice vote.
Latest Action Time
14:04:14
Submitted Date
May 5, 1999
Chamber
House of Representatives
Update Date
Aug 15, 2021
Amendment 55 — Informed