Summary: H.R.7073 — 96th Congress (1979-1980)All Information (Except Text)

There is one summary for H.R.7073. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (04/16/1980)

Amends the Federal Trade Commission Act to provide that the following actions by a credit card issuer which is subject to the authority of the Federal Trade Commission shall be considered an unfair or deceptive act or practice in or affecting commerce: (1) violation of any State law relating to the issuance of credit cards; (2) violation of the terms of any credit transaction agreement; and (3) the attempt to impose or enforce additional or modified terms affecting any outstanding balance pursuant to such an agreement without obtaining the express written consent of the credit card holder.