H.Amdt.93 - Amendment requires credit card issuers to allocate payments in excess of the minimum payment to the portion of the remaining balance with the highest outstanding APR first, and then to any remaining balances in descending order, eliminating the pro rata option.
About This Bill
Passed
Latest Action · April 30, 2009
On agreeing to the Gutierrez amendment (A004) Agreed to by voice vote.