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2000 SESSION

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HJ 179 Study; credit card policies and practices.

Introduced by: Thelma Drake | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Study; credit card policies and practices. Establishes a joint subcommittee to examine policies and practices of credit card companies operating in the Commonwealth. The issues to be addressed by the joint subcommittee include (i) changing the interest rate and terms of an account when an account is sold; (ii) changing the creditor's mailing address without adequately notifying the cardholder, resulting in the cardholder's payment not being received by its due date; and (iii) reducing or eliminating the grace period prior to assessment of late charges.


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