HB631 Alabama 2010 Session

Updated Jul 26, 2021

Summary

Primary Sponsor: James O. Gordon
Democrat
Session: Regular Session 2010
Title: Credit cards, banks issuing, increasing interest rates or lowering credit lines prohibited more than once every 12 months
Description: Existing law does not prohibit banks that issue credit cards from increasing interest rates or lowering credit lines on the credit cards more than once every 12 months.
This bill would prohibit banks that issue credit cards from increasing interest rates or lowering credit lines on the credit cards more than once every 12 months.
Subjects: Banks and Banking

Read for the first time and referred to the House of Representatives committee on Banking and Insurance