CCardRights #11 Credit Card Bill of Rights Act

`Credit Cardholders' Bill of Rights Act of 2008' from http://maloney.house.gov/documents/financial/h.r.5244billtext.pdf To amend the Truth in Lending Act to establish fair and transparent practices relating to the extension of credit under an open end consumer credit plan, and for other purposes. at the increased rate in effect at the time of the extension of credit.'. (d) Clerical Amendment- The table of sections for chapter 2 of the Truth in Lending Act (15 U.S.C. 1631 et seq.) is amended by inserting after the item relating to section 127A the following new item: `127B. Additional requirements for credit card accounts under an open end consumer credit plan.'. SEC. 3. C.L.E.A.R EXPLANATION O.F ACCOUNT FEATURES, TERMS, A.N.D PRICING REQUIRED A.T RELEVANT TIMES. (a) Double Cycle Billing Prohibited- Section 127B of the Truth in Lending Act is amended by inserting after subsection (c) (as added by section 2(c)) the following new subsection: `(d) Double