Online Credit Card Disclosure Act of 2014

Bill: 113-hr-5639
Sponsor: full_name: Rep. Price, David E. [D-NC-4]
Introduced: 2014-09-18
Policy area: Finance and Financial Sector
Subjects: Consumer affairs

Consumer credit

Internet and video services

Internet, web applications, social media
Latest action: action_date: 2014-09-18
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2014-09-18
action_desc: Introduced in House
text: <p>Online Credit Card Disclosure Act of 2014 - Amends the Truth in Lending Act to require the billing statement of a consumer's account under an open end online credit plan to make specified disclosures in a conspicuous and prominent location on its webpage with each billing cycle.</p>

tv_txt: I 113th CONGRESS 2d Session H. R. 5639 IN THE HOUSE OF REPRESENTATIVES September 18, 2014 Mr. Price of North Carolina introduced the following bill; which was referred to the Committee on Financial Services A BILL To strengthen the disclosure requirements for creditors under the Truth in Lending Act.

1. Short title This Act may be cited as the Online Credit Card Disclosure Act of 2014 . 2. Online payment timing disclosures Section 127(b)(11)(D) of the Truth in Lending Act ( 15 U.S.C. 1637(b)(11)(D) ) is amended— (1) in clause (i), by striking ; and and inserting a semicolon; (2) in clause (ii), by striking the period and inserting ; and ; and (3) by inserting at the end the following new clause: (iii) if the consumer has an online account with the creditor under the consumer credit plan, be disclosed in a conspicuous and prominent location on a webpage of such creditor. .