Amendment imposes a moratorium on increasing annual percentage rates, fees and finance charges, as well as a moratorium on changing the terms for repayment of outstanding balances on credit card accounts, for nine months after enactment of the bill.

Purpose:

An amendment numbered 5 printed in Part B of House Report 111-326 to impose a moratorium on increasing annual percentage rates, fees and finance charges, as well as a moratorium on changing the terms for repayment of outstanding balances on credit card accounts, for nine months after enactment of this Act.

House Amendment Code:

(A005)

House Tally Clerks use this code to manage amendment information.