40

Ask AI
Amendment Number
40
Purpose
To amend the Fair Credit Reporting Act to prohibit the use of any information in any consumer report by any credit card issuer that is unrelated to the transactions and experience of the card issuer with the consumer to increase the annual percentage rate applicable to credit extended to the consumer, and for other purposes.
Congress
109
Type
SAMDT
Latest Action Date
Mar 8, 2005
Latest Action Text
Proposed amendment SA 40 withdrawn in Senate.
Proposed Date
Mar 3, 2005
Submitted Date
Mar 2, 2005
Chamber
Senate
Update Date
Jul 11, 2021
Amendment 40 — Informed