S. 414 - Credit Card Accountability Responsibility and Disclosure Act of 2009

Responsible Lending, Predatory Lending, Interest Rate - Finance and financial sector. 111th Congress (2009-2010) View bill details
Sponsor:
Summary:
A bill to amend the Consumer Credit Protection Act, to ban abusive credit practices, enhance consumer disclosures, protect underage consumers, and for other purposes. (by CRS) 
Status:
The bill has passed through committee and has been put on a legislative calendar. 
There have been no votes on this bill.

Credit Card Accountability Responsibility and Disclosure Act of 2009

S. 414 — 111th Congress (2009–2010)

Keywords
Responsible Lending, Predatory Lending, Interest Rate
Summary
A bill to amend the Consumer Credit Protection Act, to ban abusive credit practices, enhance consumer disclosures, protect underage consumers, and for other purposes. (by CRS)
Learn More
At OpenCongress
Title
A bill to amend the Consumer Credit Protection Act, to ban abusive credit practices, enhance consumer disclosures, protect underage consumers, and for other purposes.
Other Titles
  • Credit Card Accountability Responsibility and Disclosure Act of 2009
  • Credit CARD Act of 2009
  • Credit Card Accountability Responsibility and Disclosure Act of 2009
  • Credit CARD Act of 2009
Sponsor
Christopher Dodd
Co-Sponsors
Subjects
  • Finance and financial sector
  • Administrative law and regulatory procedures
  • Banking and financial institutions regulation
  • Child safety and welfare
  • Congressional oversight
  • Consumer credit
  • Federal Reserve System
  • Federal Trade Commission (FTC)
  • Government Accountability Office (GAO)
  • Interest, dividends, interest rates
  • National Credit Union Administration
Related Bills
Major Actions
Introduced2/11/2009
Referred to Committee
Bill History

There have been no votes on this bill.

ActionDateDescription
Introduced2/11/2009
2/11/2009Sponsor introductory remarks on measure. (CR S2149-2150)
2/11/2009Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Put on a legislative calendar3/31/2009Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with amendments favorably.
4/29/2009Committee on Banking, Housing, and Urban Affairs. Reported by Senator Dodd with an amendment in the nature of a substitute. Without written report.
Put on a legislative calendar4/29/2009Placed on Senate Legislative Calendar under General Orders. Calendar No. 54.
5/04/2009By Senator Dodd from Committee on Banking, Housing, and Urban Affairs filed written report. Report No. 111-16.
NumberSponsorDate OfferedStatus
scale for bar graph of contributions

Contributions

  1. January - February 2005 For $38,650 Against $88,331
  2. March - April 2005 For $108,180 Against $289,619
  3. May - June 2005 For $149,350 Against $208,102
  4. July - August 2005 For $75,900 Against $155,800
  5. September - October 2005 For $202,305 Against $277,455
  6. November - December 2005 For $148,995 Against $261,135
  7. January - February 2006 For $50,419 Against $107,840
  8. March - April 2006 For $146,340 Against $316,170
  9. May - June 2006 For $165,084 Against $293,637
  10. July - August 2006 For $104,336 Against $212,317
  11. September - October 2006 For $372,756 Against $386,960
  12. November - December 2006 For $40,830 Against $312,155
  13. January - February 2007 For $65,050 Against $251,649
  14. March - April 2007 For $135,737 Against $446,231
  15. May - June 2007 For $153,200 Against $349,180
  16. July - August 2007 For $98,471 Against $210,658
  17. September - October 2007 For $115,000 Against $293,949
  18. November - December 2007 For $160,150 Against $291,299
  19. January - February 2008 For $116,700 Against $239,060
  20. March - April 2008 For $144,008 Against $317,363
  21. May - June 2008 For $163,967 Against $381,516
  22. July - August 2008 For $95,660 Against $247,855
  23. September - October 2008 For $144,061 Against $331,025
  24. November - December 2008 For $54,500 Against $129,300
  25. January - February 2009 For $57,700 Against $104,600
  26. March - April 2009 For $97,500 Against $179,380
  27. May - June 2009 For $89,450 Against $197,675
  28. July - August 2009 For $74,950 Against $180,450
  29. September - October 2009 For $66,600 Against $250,537
  30. November - December 2009 For $80,050 Against $202,200
  31. January - February 2010 For $69,142 Against $204,100
  32. March - April 2010 For $90,800 Against $288,500
  33. May - June 2010 For $69,325 Against $221,782
  34. July - August 2010 For $47,997 Against $112,259
  35. September - October 2010 For $114,431 Against $260,705
  36. November - December 2010 For $29,350 Against $154,800

Votes

    12 Organizations Supported and 1 Opposed; See Which Ones

    Organizations that took a position on
    Credit Card Accountability Responsibility and Disclosure Act of 2009

    12 organizations supported this bill

    Americans for Fairness in Lending
    (n.d.). AFFIL Support. Retrieved March 30, 2009, from .
    Center for Responsible Lending
    (2009, February 12). Group Letter to Senator Dodd. Retrieved March 30, 2009, from .
    Consumer Action
    (n.d.). Support the Credit CARD Act. Retrieved March 30, 2009, from .
    Consumer Federation of America
    (2009, February 12). Group Letter to Senator Dodd. Retrieved March 30, 2009, from .
    Consumers Union
    (2009, February 12). Group Letter to Senator Dodd. Retrieved March 30, 2009, from .
    Demos
    (2009, February 13). Demos Press Release. Retrieved March 30, 2009, from .
    National Association for the Advancement of Colored People
    (2009, February 12). Group Letter to Senator Dodd. Retrieved March 30, 2009, from .
    National Association of Consumer Advocates
    (2009, February 12). Group Letter to Senator Dodd. Retrieved March 30, 2009, from .
    National Consumer Law Center
    (2009, February 12). Group Letter to Senator Dodd. Retrieved March 30, 2009, from .
    National Council of La Raza
    (2009, February 12). Group Letter to Senator Dodd. Retrieved March 30, 2009, from .
    Service Employees International Union
    (2009, February 12). Group Letter to Senator Dodd. Retrieved March 30, 2009, from .
    U.S. Public Interest Research Groups
    (2009, February 12). Group Letter to Senator Dodd. Retrieved March 30, 2009, from .

    1 organization opposed this bill

    American Bankers Association
    (2009, February 12). ABA Hearing Testimony. Retrieved March 30, 2009, from .

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    Includes reported contributions to congressional campaigns of Senators in office during the 111th U.S. Congress, from interest groups invested in the vote according to MapLight, January 1, 2005 – December 31, 2010.
    Contributions data source: OpenSecrets.org

    Contributions by Legislator

    Namesort iconPartyState$ From Interest Groups
    That Supported
    $ From Interest Groups
    That Opposed
    Daniel K. AkakaDHI$26,990$45,250
    Andrew Lamar AlexanderRTN$42,750$77,250
    John BarrassoRWY$5,700$43,950
    Max BaucusDMT$31,200$197,130
    Birch "Evan" BayhDIN$26,150$102,201
    Mark BegichDAK$22,475$15,400
    Michael BennetDCO$33,100$80,950
    Bob BennettRUT$22,275$136,450
    Jesse "Jeff" BingamanDNM$27,133$28,000
    Christopher "Kit" BondRMO$10,450$18,800
    Barbara BoxerDCA$76,150$38,150
    Sherrod BrownDOH$41,297$91,812
    Sam BrownbackRKS$1,000$3,750
    Jim BunningRKY$5,500$25,449
    Richard BurrRNC$26,727$223,907
    Roland BurrisDIL$0$0
    Robert ByrdDWV$45,000$39,850
    Maria CantwellDWA$42,450$29,185
    Ben CardinDMD$55,200$43,400
    Tom CarperDDE$24,500$194,499
    Bob CaseyDPA$103,450$136,950
    Clarence Saxby ChamblissRGA$71,425$189,048
    Tom CoburnROK$15,150$65,750
    William Thad CochranRMS$15,400$35,150
    Susan CollinsRME$32,400$78,984
    Gaylord Kent ConradDND$24,250$95,750
    Bob CorkerRTN$123,275$218,400
    John CornynRTX$78,550$284,773
    Mike CrapoRID$21,424$120,782
    Jim DeMintRSC$8,145$85,910
    Chris DoddDCT$37,250$243,650
    Byron DorganDND$5,800$17,000
    Dick DurbinDIL$58,100$148,500
    John EnsignRNV$20,500$49,850
    Mike EnziRWY$17,600$68,300
    Russ FeingoldDWI$37,965$30,820
    Dianne FeinsteinDCA$33,200$52,250
    Kirsten GillibrandDNY$80,706$293,946
    Lindsey GrahamRSC$35,413$100,850
    Chuck GrassleyRIA$21,600$62,200
    Judd GreggRNH$0$8,000
    Kay HaganDNC$17,700$51,683
    Tom HarkinDIA$42,080$68,080
    Orrin HatchRUT$22,900$90,250
    Kay Bailey HutchisonRTX$91,850$120,500
    Jim InhofeROK$53,875$58,550
    Dan InouyeDHI$33,350$64,775
    Johnny IsaksonRGA$58,550$134,950
    Mike JohannsRNE$33,250$89,000
    Tim JohnsonDSD$84,302$200,794
    Ted KaufmanDDE$0$0
    Ted KennedyDMA$28,900$41,500
    John KerryDMA$29,150$41,930
    Amy KlobucharDMN$92,463$110,349
    Herb KohlDWI$0$0
    Jon KylRAZ$78,775$189,000
    Mary LandrieuDLA$50,500$103,249
    Frank LautenbergDNJ$21,900$45,650
    Patrick LeahyDVT$12,750$18,500
    Carl LevinDMI$38,021$44,700
    Joe LiebermanICT$113,400$120,750
    Blanche LincolnDAR$40,833$150,100
    Dick LugarRIN$34,325$39,450
    Mel MartinezRFL$11,850$97,900
    John McCainRAZ$21,700$48,175
    Claire McCaskillDMO$46,500$51,750
    Addison "Mitch" McConnellRKY$111,100$339,300
    Bob MenéndezDNJ$122,070$132,150
    Jeff MerkleyDOR$40,806$32,500
    Barbara MikulskiDMD$13,250$17,250
    Lisa MurkowskiRAK$19,300$35,020
    Patty MurrayDWA$45,850$27,625
    Earl "Ben" NelsonDNE$55,750$132,179
    Clarence "Bill" NelsonDFL$50,599$56,150
    Mark PryorDAR$43,950$88,142
    John "Jack" ReedDRI$21,900$159,349
    Harry ReidDNV$71,133$167,850
    Jim RischRID$0$28,000
    Charles "Pat" RobertsRKS$77,800$162,240
    John "Jay" RockefellerDWV$21,050$65,700
    Bernie SandersIVT$8,500$1,700
    Chuck SchumerDNY$68,528$150,500
    Jeff SessionsRAL$31,600$97,932
    Jeanne ShaheenDNH$25,253$34,708
    Richard ShelbyRAL$20,400$236,050
    Olympia SnoweRME$31,370$44,750
    Arlen SpecterDPA$76,970$98,850
    Debbie StabenowDMI$45,830$130,836
    Jon TesterDMT$15,870$80,250
    John ThuneRSD$80,060$132,725
    Mark UdallDCO$53,714$46,600
    Tom UdallDNM$55,732$14,983
    David VitterRLA$69,925$66,650
    George VoinovichROH$11,900$47,900
    Mark WarnerDVA$72,050$102,400
    Jim WebbDVA$23,810$23,000
    Sheldon WhitehouseDRI$34,400$36,950
    Roger WickerRMS$40,500$124,824
    Ron WydenDOR$9,400$36,700

    Add Data Filters:

    Legislator Filters
    Legislator Filters
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    NamePartyState$ From Interest Groups
    That Supported
    $ From Interest Groups
    That Opposed
    Daniel K. AkakaDHI$26,990$45,250
    Andrew Lamar AlexanderRTN$42,750$77,250
    John BarrassoRWY$5,700$43,950
    Max BaucusDMT$31,200$197,130
    Birch "Evan" BayhDIN$26,150$102,201
    Mark BegichDAK$22,475$15,400
    Michael BennetDCO$33,100$80,950
    Bob BennettRUT$22,275$136,450
    Jesse "Jeff" BingamanDNM$27,133$28,000
    Christopher "Kit" BondRMO$10,450$18,800
    Barbara BoxerDCA$76,150$38,150
    Sherrod BrownDOH$41,297$91,812
    Sam BrownbackRKS$1,000$3,750
    Jim BunningRKY$5,500$25,449
    Richard BurrRNC$26,727$223,907
    Roland BurrisDIL$0$0
    Robert ByrdDWV$45,000$39,850
    Maria CantwellDWA$42,450$29,185
    Ben CardinDMD$55,200$43,400
    Tom CarperDDE$24,500$194,499
    Bob CaseyDPA$103,450$136,950
    Clarence Saxby ChamblissRGA$71,425$189,048
    Tom CoburnROK$15,150$65,750
    William Thad CochranRMS$15,400$35,150
    Susan CollinsRME$32,400$78,984
    Gaylord Kent ConradDND$24,250$95,750
    Bob CorkerRTN$123,275$218,400
    John CornynRTX$78,550$284,773
    Mike CrapoRID$21,424$120,782
    Jim DeMintRSC$8,145$85,910
    Chris DoddDCT$37,250$243,650
    Byron DorganDND$5,800$17,000
    Dick DurbinDIL$58,100$148,500
    John EnsignRNV$20,500$49,850
    Mike EnziRWY$17,600$68,300
    Russ FeingoldDWI$37,965$30,820
    Dianne FeinsteinDCA$33,200$52,250
    Kirsten GillibrandDNY$80,706$293,946
    Lindsey GrahamRSC$35,413$100,850
    Chuck GrassleyRIA$21,600$62,200
    Judd GreggRNH$0$8,000
    Kay HaganDNC$17,700$51,683
    Tom HarkinDIA$42,080$68,080
    Orrin HatchRUT$22,900$90,250
    Kay Bailey HutchisonRTX$91,850$120,500
    Jim InhofeROK$53,875$58,550
    Dan InouyeDHI$33,350$64,775
    Johnny IsaksonRGA$58,550$134,950
    Mike JohannsRNE$33,250$89,000
    Tim JohnsonDSD$84,302$200,794
    Ted KaufmanDDE$0$0
    Ted KennedyDMA$28,900$41,500
    John KerryDMA$29,150$41,930
    Amy KlobucharDMN$92,463$110,349
    Herb KohlDWI$0$0
    Jon KylRAZ$78,775$189,000
    Mary LandrieuDLA$50,500$103,249
    Frank LautenbergDNJ$21,900$45,650
    Patrick LeahyDVT$12,750$18,500
    Carl LevinDMI$38,021$44,700
    Joe LiebermanICT$113,400$120,750
    Blanche LincolnDAR$40,833$150,100
    Dick LugarRIN$34,325$39,450
    Mel MartinezRFL$11,850$97,900
    John McCainRAZ$21,700$48,175
    Claire McCaskillDMO$46,500$51,750
    Addison "Mitch" McConnellRKY$111,100$339,300
    Bob MenéndezDNJ$122,070$132,150
    Jeff MerkleyDOR$40,806$32,500
    Barbara MikulskiDMD$13,250$17,250
    Lisa MurkowskiRAK$19,300$35,020
    Patty MurrayDWA$45,850$27,625
    Earl "Ben" NelsonDNE$55,750$132,179
    Clarence "Bill" NelsonDFL$50,599$56,150
    Mark PryorDAR$43,950$88,142
    John "Jack" ReedDRI$21,900$159,349
    Harry ReidDNV$71,133$167,850
    Jim RischRID$0$28,000
    Charles "Pat" RobertsRKS$77,800$162,240
    John "Jay" RockefellerDWV$21,050$65,700
    Bernie SandersIVT$8,500$1,700
    Chuck SchumerDNY$68,528$150,500
    Jeff SessionsRAL$31,600$97,932
    Jeanne ShaheenDNH$25,253$34,708
    Richard ShelbyRAL$20,400$236,050
    Olympia SnoweRME$31,370$44,750
    Arlen SpecterDPA$76,970$98,850
    Debbie StabenowDMI$45,830$130,836
    Jon TesterDMT$15,870$80,250
    John ThuneRSD$80,060$132,725
    Mark UdallDCO$53,714$46,600
    Tom UdallDNM$55,732$14,983
    David VitterRLA$69,925$66,650
    George VoinovichROH$11,900$47,900
    Mark WarnerDVA$72,050$102,400
    Jim WebbDVA$23,810$23,000
    Sheldon WhitehouseDRI$34,400$36,950
    Roger WickerRMS$40,500$124,824
    Ron WydenDOR$9,400$36,700

    Interest Groups that supported this bill

    $ Donated
    Banks & lending institutions$2,324,322
    Minority/Ethnic Groups$1,152,022
    Commercial service unions$454,500
    Consumer groups$6,100

    Interest Groups that opposed this bill

    $ Donated
    Commercial banks & bank holding companies$8,755,594
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