Bill Summary: Senate Passed Credit Card Accountability, Responsibility, and Disclosure Act

The bill, which calls for credit card agreements to be written in “plain English,” and would protect consumers from abusive practices such as surprise rate increases passed the U.S. Senate by a vote of 90 to 5.  The full summary of the bill’s provisions, as provided by the Senate Banking Committee can be viewed by clicking the pdf below.

Click for Credit Card Bill Summary