SENATE 2760118th CongressRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Capping Credit Card Interest Rates Act
- Last Action
- 9/11/2023
Actions
- 2023-09-11Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2023-09-11Introduced in Senate
CRS Summary
As of 2023-09-11 (00)
Capping Credit Card Interest Rates Act
This bill caps credit card interest rates at 18%, including all finance charges. Additional charges may not be imposed to evade this limitation. Creditors who violate this bill are subject to civil liability.
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.