Requirements of the Credit Card Minimum Payment Warning Act include a) a warning that paying the minimum rate will increase the interest owed\; b) the years and months it will take to pay off at the minimum rate\; c) the total costs in interest and principal at the minimum rate\; d) the monthly payment required to pay the balance off in three years\; and e) a toll-free number for credit counseling and debt management assistance.
Hearing Date :2007-04-17T00:00:00
Committee :House Financial Services Committee
Sub Committee :
Congress Number :110
To amend the Federal Home Loan Bank Act to allow Federal home loan banks to invest surplus funds in student loan securities and make advances for student loan financing, and for other purposes.
To modernize and update the National Housing Act and enable the Federal Housing Administration to use risk-based pricing to more effectively reach underserved borrowers, and for other purposes.
Subprime and Predatory Mortgage Lending New Regulatory Guidance Current Market Conditions and Effects on Regulated Financial Institutions
Hearing Date :2007-03-27T00:00:00
Committee :House Financial Services Subcommittee on Financial Institutions and Consumer Credit Hearing
Sub Committee :
Congress Number :110
Hearing Date :2007-03-22T00:00:00
Committee :Senate Banking Committee
Sub Committee :
Congress Number :110
To require enhanced disclosure to consumers regarding the consequences of making only minimum required payments in the repayment of credit card debt, and for other purposes.
Hearing Date :2007-03-13T00:00:00
Committee :House Financial Services Committee
Sub Committee :
Congress Number :110
To amend the Consumer Credit Protection Act to ban abusive credit practices, enhance consumer disclosures, protect underage consumers, and for other purposes.
Hearing Date :2007-03-07T00:00:00
Committee :U.S. Senate Committee on Homeland Security and Governmental Affairs
Sub Committee :
Congress Number :110