[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 873 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 873

  To amend the Truth in Lending Act to prohibit fees by creditors for 
payments on credit card accounts by electronic fund transfers, and for 
                            other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            February 7, 2007

Mr. Ackerman (for himself and Mrs. Maloney of New York) introduced the 
   following bill; which was referred to the Committee on Financial 
                                Services

_______________________________________________________________________

                                 A BILL


 
  To amend the Truth in Lending Act to prohibit fees by creditors for 
payments on credit card accounts by electronic fund transfers, and for 
                            other purposes.

    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 ``Credit Card Payment Fee Act of 
2007''.

SEC. 2. PROHIBIT FEES FOR PAYMENT ON CREDIT CARD ACCOUNTS BY ELECTRONIC 
              FUND TRANSFERS.

    (a) In General.--Section 127 of the Truth in Lending Act (15 U.S.C. 
1637) is amended by adding at the end the following new subsection:
    ``(i) Payments by EFT.--In the case of a credit card account under 
an open end consumer credit plan, a creditor may not impose a fee based 
on the manner in which payment on the account is made, including a fee 
for making any such payment by electronic fund transfer (as defined in 
section 903).''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to all payments made after the date of the enactment of this Act 
and any fee imposed after such date in contravention of the amendment 
shall be promptly credited to the consumer's account.
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