Credit cards; prohibits issuer from increasing interest rate or imposing fee thereon. (SB104)

Introduced By

Sen. Henry Marsh (D-Richmond)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Credit cards; universal defaults. Prohibits a credit card issuer from increasing the interest rate or imposing a fee on a credit card account based on the cardholder's failure to make timely payment on another credit card account or other reasons not directly related to the cardholder's credit card account with the issuer. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2006Prefiled and ordered printed; offered 01/11/06 060467756
01/09/2006Referred to Committee for Courts of Justice
01/16/2006Rereferred from Courts of Justice (13-Y 0-N) (see vote tally)
01/16/2006Rereferred to Commerce and Labor
02/06/2006Continued to 2007 in Commerce and Labor (15-Y 0-N) (see vote tally)