S. 2760 · 118th Congress · Senate

Capping Credit Card Interest Rates Act

Active· Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced
Sep 11, 23
Passed Senate
Pending
Passed House
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

Capping Credit Card Interest Rates Act

This bill caps credit card interest rates at 18%, including all finance charges. Additional charges may not be imposed to evade this limitation. Creditors who violate this bill are subject to civil liability.  

Action Timeline

2
  1. SEP 11, 2023•IntroReferral

    Introduced in Senate

  2. SEP 11, 2023•IntroReferral

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Committees

1

Banking, Housing, and Urban Affairs Committee

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Referred: Sep 11, 2023

Active