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.
[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5639 Introduced in House (IH)]
113th CONGRESS
2d Session
H. R. 5639
To strengthen the disclosure requirements for creditors under the Truth
in Lending Act.
_______________________________________________________________________
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.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Online Credit Card Disclosure Act of
2014''.
SEC. 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.''.
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Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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