04/30/09 1:40 PM
An amendment numbered 15 printed in House Report 111-92 to require creditors to post their credit card written agreements on their websites, and requires the Board to compile and report those agreements on its website.
On agreeing to the Perriello amendment Agreed to by voice vote.
04/30/09 1:31 PM
DEBATE - Pursuant to the provisions of H.Res. 379, the Committee of the Whole proceeded with 10 minutes of debate on the Perriello amendment.
Amendment offered by Mr. Perriello.
04/30/09 1:31 PM
An amendment numbered 14 printed in House Report 111-92 to require a 6-month period for a promotional rate for credit cards before the standard rate may be increased.
04/30/09 1:30 PM
On agreeing to the Gutierrez amendment Agreed to by voice vote.
04/30/09 1:23 PM
DEBATE - Pursuant to the provisions of H.Res. 379, the Committee of the Whole proceeded with 10 minutes of debate on the Gutierrez amendment number 13.
Amendment offered by Mr. Gutierrez.
04/30/09 1:23 PM
An amendment numbered 13 printed in House Report 111-92 to require card issuers to notify cardholders 30 days before closing their accounts, the reason for the account closure, options to keep the account open, programs available to repay the balance, and the resulting impact on their credit score.
04/30/09 1:22 PM
On agreeing to the Price (NC) amendment Agreed to by voice vote.
04/30/09 1:18 PM
DEBATE - Pursuant to the provisions of H.Res. 379, the Committee of the Whole proceeded with 10 minutes of debate on the Price(NC) amendment.
Amendment offered by Mr. Price (NC).
04/30/09 1:18 PM
An amendment numbered 12 printed in House Report 111-92 to require credit card issuers to provide enhanced disclosure to consumers regarding minimum payments, including a written Minimum Payment Warning statement on all monthly statements as well as information regarding the monthly payment amount and total cost that would be required for the consumer to eliminate the outstanding balance in 12, 24 and 36. Would require credit card issuers to provide a toll-free telephone number at which the consumer may receive information about accessing credit counseling and debt management services.
On agreeing to the Minnick amendment Agreed to by voice vote.
04/30/09 1:15 PM
DEBATE - Pursuant to the provisions of H.Res. 379, the Committee of the Whole proceeded with 10 minutes of debate on the Minnick amendment.
Amendment offered by Mr. Minnick.
