 H.R.5988
Fair and Justifiable Credit Card Interest Rate Act of 2008
To amend the Truth in Lending Act to impose a cap on the rate of interest that may be charged on consumer credit card accounts, and for other purposes.
 5 Total Points
Summary
Fair and Justifiable Credit Card Interest Rate Act of 2008 - Amends the Truth in Lending Act to prohibit the annual percentage rate applicable to any extension of credit on a credit card account under an open end consumer credit plan from exceeding 20%. What do you think?
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Legislation Detail
 Viewed 136 times.
Legislation Slant
Latest Action:
Referred to House committee. Status: Referred to the House Committee on Financial Services.
This action occurred on Wednesday, May 7, 2008 and earned 5 points.
Legislative Progress
Introduced in the House on May 7, 2008
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