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2000 SESSION
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.
FULL TEXT
HISTORY
- 01/24/00 House: Presented & ordered printed 001673736
- 01/24/00 House: Referred to Committee on Rules
- 02/11/00 House: Passed by indefinitely in Rules (17-Y 0-N)