House vote: H.R. 5244 // September 23, 2008
Credit Cardholders' Bill of Rights Act of 2008
Sponsor: CAROLYN MALONEY (D-NY)
Credit Cardholders' Bill of Rights Act of 2008 - (Sec. 2) Amends the Truth in Lending Act to prohibit a creditor from increasing any annual percentage rate of interest (APR) applicable to the existing balance on an open end consumer credit card account unless specified conditions are met. Prescribes the treatment of existing balances following a rate increase.
Finance and Financial Sector Topic assigned by the Congressional Research Service.
Who won, and how much of the country was behind them
The dotted gap is 4.1% of U.S. adults whose member did not vote, voted “present,” or whose seat was vacant.
| Side | Outcome | Votes | Share of U.S. adults |
|---|---|---|---|
| Nay | Won | 219 | 48.7% |
| Yea | Lost | 198 | 47.2% |
| Not represented on this question | No position taken | 0 | 4.1% |