[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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