H.Amdt.494 - Amendment clarifies that changes to a credit card agreement which reduce a customer's interest rate or other fees can be implemented immediately, instead of being subject to the 45-day waiting period required under the CARD Act of 2009.
About This Bill
Passed
Latest Action · November 4, 2009
On agreeing to the Hensarling amendment (A001) Agreed to by recorded vote: 427 - 0 (Roll no. 845).