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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:
Christopher Dodd
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 2004 For $51,950 Against $141,287
  2. March - April 2004 For $104,950 Against $344,420
  3. May - June 2004 For $77,500 Against $338,844
  4. July - August 2004 For $87,713 Against $248,141
  5. September - October 2004 For $117,989 Against $531,155
  6. November - December 2004 For $57,716 Against $91,800
  7. January - February 2005 For $35,450 Against $93,331
  8. March - April 2005 For $104,380 Against $277,819
  9. May - June 2005 For $141,350 Against $216,602
  10. July - August 2005 For $74,900 Against $170,100
  11. September - October 2005 For $199,805 Against $258,455
  12. November - December 2005 For $145,495 Against $265,385
  13. January - February 2006 For $49,419 Against $117,940
  14. March - April 2006 For $145,540 Against $321,895
  15. May - June 2006 For $170,084 Against $311,237
  16. July - August 2006 For $108,136 Against $215,817
  17. September - October 2006 For $373,756 Against $429,210
  18. November - December 2006 For $40,830 Against $316,155
  19. January - February 2007 For $64,050 Against $257,699
  20. March - April 2007 For $138,837 Against $451,181
  21. May - June 2007 For $156,350 Against $389,133
  22. July - August 2007 For $96,471 Against $218,358
  23. September - October 2007 For $110,900 Against $305,549
  24. November - December 2007 For $161,650 Against $320,999
  25. January - February 2008 For $105,100 Against $242,610
  26. March - April 2008 For $149,452 Against $325,046
  27. May - June 2008 For $169,317 Against $405,466
  28. July - August 2008 For $95,860 Against $276,630
  29. September - October 2008 For $158,217 Against $388,939
  30. November - December 2008 For $67,750 Against $133,600
  31. January - February 2009 For $50,850 Against $98,620
  32. March - April 2009 For $80,950 Against $172,780
  33. May - June 2009 For $90,550 Against $159,825
  34. July - August 2009 For $67,250 Against $144,800
  35. September - October 2009 For $36,600 Against $183,587
  36. November - December 2009 For $2,750 Against $22,500

Votes

    12 Organizations Support and 1 Opposes; See Which Ones
    12 Organizations Support and 1 Opposes; See Which Ones

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

    12 organizations support 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 oppose 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.org, January 1, 2004 – December 31, 2009.
    Contributions data source: OpenSecrets.org

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    Contributions By Legislator

    Namesort iconPartyState$ From Interest Groups
    That Support    		$ From Interest Groups
    That Oppose
    Aanestad, SamRCA-4$0$10,000
    Akaka, DanielDHI$26,990$45,250
    Alexander, LamarRTN$50,800$90,000
    Alquist, ElaineDCA-13$450$9,800
    Ashburn, RoyRCA-18$0$5,250
    Barrasso, JohnRWY$5,700$38,450
    Baucus, MaxDMT$31,200$189,880
    Bayh, EvanDIN$46,450$126,951
    Begich, MarkDAK$19,975$14,400
    Bennet, MichaelDCO$13,050$28,700
    Bennett, RobertRUT$14,875$166,350
    Bingaman, JeffDNM$29,799$28,000
    Bond, ChristopherRMO$28,350$67,897
    Boxer, BarbaraDCA$41,950$32,175
    Brown, ScottRMA$500$1,750
    Brown, SherrodDOH$43,797$79,362
    Brownback, SamuelRKS$7,950$25,234
    Bunning, JimRKY$11,250$74,273
    Burr, RichardRNC$17,535$219,949
    Burris, RolandDIL$0$0
    Byrd, RobertDWV$45,000$34,850
    Calderon, RonDCA-30$6,300$29,800
    Cantwell, MariaDWA$41,000$31,835
    Cardin, BenjaminDMD$60,200$55,400
    Carper, ThomasDDE$20,300$201,649
    Casey, RobertDPA$102,450$106,020
    Cedillo, GilbertDCA-22$0$3,000
    Chambliss, SaxbyRGA$76,875$186,498
    Coburn, ThomasROK$21,000$71,191
    Cochran, ThadRMS$15,400$35,150
    Cogdill, DaveRCA-14$0$26,850
    Collins, SusanRME$32,400$76,984
    Conrad, KentDND$27,250$101,500
    Corbett, EllenDCA-10$0$225
    Corker, BobRTN$141,925$183,000
    Cornyn, JohnRTX$79,050$313,072
    Correa, LouDCA-34$3,300$15,205
    Crapo, MichaelRID$5,024$106,432
    DeMint, JimRSC$18,928$139,400
    DeSaulnier, MarkDCA-7$0$8,100
    Denham, JeffRCA-12$0$29,600
    Dodd, ChristopherDCT$28,100$278,850
    Dorgan, ByronDND$10,800$30,250
    Ducheny, DeniseDCA-40$0$4,000
    Durbin, RichardDIL$53,100$142,650
    Dutton, RobertRCA-31$0$7,100
    Ensign, JohnRNV$21,000$49,850
    Enzi, MichaelRWY$20,100$71,300
    Feingold, RussellDWI$34,150$23,400
    Feinstein, DianneDCA$33,800$56,850
    Florez, DeanDCA-16$0$100
    Franken, AlDMN$53,650$33,150
    Gillibrand, KirstenDNY$47,100$128,496
    Graham, LindseyRSC$31,863$105,650
    Grassley, CharlesRIA$14,600$51,800
    Gregg, JuddRNH$4,250$34,550
    Hagan, KayDNC$14,200$47,683
    Hancock, LoniDCA-9$150$0
    Harkin, ThomasDIA$42,830$65,380
    Harman, TomRCA-35$0$16,900
    Hatch, OrrinRUT$24,400$83,850
    Hollingsworth, DennisRCA-36$0$20,840
    Huff, BobRCA-29$500$7,243
    Hutchison, KayRTX$95,850$131,250
    Inhofe, JamesROK$47,575$58,550
    Inouye, DanielDHI$16,150$62,475
    Isakson, JohnRGA$62,233$133,069
    Johanns, MikeRNE$33,500$84,300
    Johnson, TimDSD$73,702$173,044
    Kaufman, EdwardDDE$0$0
    Kehoe, ChristineDCA-39$0$11,375
    Kerry, JohnDMA$27,050$22,830
    Klobuchar, AmyDMN$70,685$86,810
    Kohl, HerbertDWI$0$0
    Kyl, JonRAZ$78,775$168,800
    Landrieu, MaryDLA$46,500$95,249
    Lautenberg, FrankDNJ$21,900$45,650
    LeMieux, GeorgeRFL$0$0
    Leahy, PatrickDVT$14,200$19,000
    Leno, MarkDCA-3$3,000$16,650
    Levin, CarlDMI$38,021$44,700
    Lieberman, JosephICT$111,900$125,750
    Lincoln, BlancheDAR$57,050$129,607
    Liu, CarolDCA-21$0$10,800
    Lugar, RichardRIN$37,275$56,600
    Maldonado, AbelRCA-15$0$26,450
    McCain, JohnRAZ$12,300$46,750
    McCaskill, ClaireDMO$47,500$49,750
    McConnell, MitchRKY$113,050$300,100
    Menéndez, RobertDNJ$117,570$155,650
    Merkley, JeffDOR$40,806$29,000
    Mikulski, BarbaraDMD$19,250$27,000
    Murkowski, LisaRAK$15,700$35,750
    Murray, PattyDWA$47,400$45,100
    Negrete McLeod, GloriaDCA-32$0$22,400
    Nelson, BenDNE$61,750$135,879
    Nelson, BillDFL$50,849$55,400
    Oropeza, JennyDCA-28$0$2,610
    Padilla, AlexDCA-20$5,000$28,300
    Pavley, FranDCA-23$0$0
    Price, CurrenDCA-26$0$12,235
    Pryor, MarkDAR$44,700$86,642
    Reed, JohnDRI$20,900$158,499
    Reid, HarryDNV$49,900$177,046
    Risch, JamesRID$0$28,000
    Roberts, PatRKS$77,850$157,490
    Rockefeller, JohnDWV$22,050$65,150
    Romero, GloriaDCA-24$0$4,000
    Runner, GeorgeRCA-17$0$25,525
    Sanders, BernardIVT$8,500$1,500
    Schumer, CharlesDNY$26,100$172,600
    Sessions, JeffersonRAL$33,450$104,830
    Shaheen, JeanneDNH$25,253$33,708
    Shelby, RichardRAL$16,150$135,247
    Simitian, S.DCA-11$2,000$8,425
    Snowe, OlympiaRME$36,370$44,500
    Specter, ArlenDPA$66,650$166,200
    Stabenow, Debbie AnnDMI$45,080$134,036
    Steinberg, DarrellDCA-6$0$30,050
    Strickland, TonyRCA-19$500$10,050
    Tester, JonDMT$11,570$69,750
    Thune, JohnRSD$129,182$142,041
    Udall, MarkDCO$55,714$46,600
    Udall, TomDNM$57,732$17,983
    Vitter, DavidRLA$66,935$102,091
    Voinovich, GeorgeROH$18,750$121,722
    Walters, MimiRCA-33$1,500$32,350
    Warner, MarkDVA$72,050$93,650
    Webb, JimDVA$23,810$22,750
    Whitehouse, SheldonDRI$33,900$35,950
    Wicker, RogerRMS$40,000$136,574
    Wiggins, PatriciaDCA-2$0$17,900
    Wolk, LoisDCA-5$0$8,400
    Wright, RoderickDCA-25$0$4,600
    Wyden, RonDOR$12,400$35,450
    Wyland, MarkRCA-38$0$16,750
    Yee, LelandDCA-8$2,714$20,650

    Add Data Filters:

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    		NamePartyState$ From Interest Groups
    That Support    		$ From Interest Groups
    That Oppose
    		Aanestad, SamRCA-4$0$10,000
    		Akaka, DanielDHI$26,990$45,250
    		Alexander, LamarRTN$50,800$90,000
    		Alquist, ElaineDCA-13$450$9,800
    		Ashburn, RoyRCA-18$0$5,250
    		Barrasso, JohnRWY$5,700$38,450
    		Baucus, MaxDMT$31,200$189,880
    		Bayh, EvanDIN$46,450$126,951
    		Begich, MarkDAK$19,975$14,400
    		Bennet, MichaelDCO$13,050$28,700
    		Bennett, RobertRUT$14,875$166,350
    		Bingaman, JeffDNM$29,799$28,000
    		Bond, ChristopherRMO$28,350$67,897
    		Boxer, BarbaraDCA$41,950$32,175
    		Brown, ScottRMA$500$1,750
    		Brown, SherrodDOH$43,797$79,362
    		Brownback, SamuelRKS$7,950$25,234
    		Bunning, JimRKY$11,250$74,273
    		Burr, RichardRNC$17,535$219,949
    		Burris, RolandDIL$0$0
    		Byrd, RobertDWV$45,000$34,850
    		Calderon, RonDCA-30$6,300$29,800
    		Cantwell, MariaDWA$41,000$31,835
    		Cardin, BenjaminDMD$60,200$55,400
    		Carper, ThomasDDE$20,300$201,649
    		Casey, RobertDPA$102,450$106,020
    		Cedillo, GilbertDCA-22$0$3,000
    		Chambliss, SaxbyRGA$76,875$186,498
    		Coburn, ThomasROK$21,000$71,191
    		Cochran, ThadRMS$15,400$35,150
    		Cogdill, DaveRCA-14$0$26,850
    		Collins, SusanRME$32,400$76,984
    		Conrad, KentDND$27,250$101,500
    		Corbett, EllenDCA-10$0$225
    		Corker, BobRTN$141,925$183,000
    		Cornyn, JohnRTX$79,050$313,072
    		Correa, LouDCA-34$3,300$15,205
    		Crapo, MichaelRID$5,024$106,432
    		DeMint, JimRSC$18,928$139,400
    		DeSaulnier, MarkDCA-7$0$8,100
    		Denham, JeffRCA-12$0$29,600
    		Dodd, ChristopherDCT$28,100$278,850
    		Dorgan, ByronDND$10,800$30,250
    		Ducheny, DeniseDCA-40$0$4,000
    		Durbin, RichardDIL$53,100$142,650
    		Dutton, RobertRCA-31$0$7,100
    		Ensign, JohnRNV$21,000$49,850
    		Enzi, MichaelRWY$20,100$71,300
    		Feingold, RussellDWI$34,150$23,400
    		Feinstein, DianneDCA$33,800$56,850
    		Florez, DeanDCA-16$0$100
    		Franken, AlDMN$53,650$33,150
    		Gillibrand, KirstenDNY$47,100$128,496
    		Graham, LindseyRSC$31,863$105,650
    		Grassley, CharlesRIA$14,600$51,800
    		Gregg, JuddRNH$4,250$34,550
    		Hagan, KayDNC$14,200$47,683
    		Hancock, LoniDCA-9$150$0
    		Harkin, ThomasDIA$42,830$65,380
    		Harman, TomRCA-35$0$16,900
    		Hatch, OrrinRUT$24,400$83,850
    		Hollingsworth, DennisRCA-36$0$20,840
    		Huff, BobRCA-29$500$7,243
    		Hutchison, KayRTX$95,850$131,250
    		Inhofe, JamesROK$47,575$58,550
    		Inouye, DanielDHI$16,150$62,475
    		Isakson, JohnRGA$62,233$133,069
    		Johanns, MikeRNE$33,500$84,300
    		Johnson, TimDSD$73,702$173,044
    		Kaufman, EdwardDDE$0$0
    		Kehoe, ChristineDCA-39$0$11,375
    		Kerry, JohnDMA$27,050$22,830
    		Klobuchar, AmyDMN$70,685$86,810
    		Kohl, HerbertDWI$0$0
    		Kyl, JonRAZ$78,775$168,800
    		Landrieu, MaryDLA$46,500$95,249
    		Lautenberg, FrankDNJ$21,900$45,650
    		LeMieux, GeorgeRFL$0$0
    		Leahy, PatrickDVT$14,200$19,000
    		Leno, MarkDCA-3$3,000$16,650
    		Levin, CarlDMI$38,021$44,700
    		Lieberman, JosephICT$111,900$125,750
    		Lincoln, BlancheDAR$57,050$129,607
    		Liu, CarolDCA-21$0$10,800
    		Lugar, RichardRIN$37,275$56,600
    		Maldonado, AbelRCA-15$0$26,450
    		McCain, JohnRAZ$12,300$46,750
    		McCaskill, ClaireDMO$47,500$49,750
    		McConnell, MitchRKY$113,050$300,100
    		Menéndez, RobertDNJ$117,570$155,650
    		Merkley, JeffDOR$40,806$29,000
    		Mikulski, BarbaraDMD$19,250$27,000
    		Murkowski, LisaRAK$15,700$35,750
    		Murray, PattyDWA$47,400$45,100
    		Negrete McLeod, GloriaDCA-32$0$22,400
    		Nelson, BenDNE$61,750$135,879
    		Nelson, BillDFL$50,849$55,400
    		Oropeza, JennyDCA-28$0$2,610
    		Padilla, AlexDCA-20$5,000$28,300
    		Pavley, FranDCA-23$0$0
    		Price, CurrenDCA-26$0$12,235
    		Pryor, MarkDAR$44,700$86,642
    		Reed, JohnDRI$20,900$158,499
    		Reid, HarryDNV$49,900$177,046
    		Risch, JamesRID$0$28,000
    		Roberts, PatRKS$77,850$157,490
    		Rockefeller, JohnDWV$22,050$65,150
    		Romero, GloriaDCA-24$0$4,000
    		Runner, GeorgeRCA-17$0$25,525
    		Sanders, BernardIVT$8,500$1,500
    		Schumer, CharlesDNY$26,100$172,600
    		Sessions, JeffersonRAL$33,450$104,830
    		Shaheen, JeanneDNH$25,253$33,708
    		Shelby, RichardRAL$16,150$135,247
    		Simitian, S.DCA-11$2,000$8,425
    		Snowe, OlympiaRME$36,370$44,500
    		Specter, ArlenDPA$66,650$166,200
    		Stabenow, Debbie AnnDMI$45,080$134,036
    		Steinberg, DarrellDCA-6$0$30,050
    		Strickland, TonyRCA-19$500$10,050
    		Tester, JonDMT$11,570$69,750
    		Thune, JohnRSD$129,182$142,041
    		Udall, MarkDCO$55,714$46,600
    		Udall, TomDNM$57,732$17,983
    		Vitter, DavidRLA$66,935$102,091
    		Voinovich, GeorgeROH$18,750$121,722
    		Walters, MimiRCA-33$1,500$32,350
    		Warner, MarkDVA$72,050$93,650
    		Webb, JimDVA$23,810$22,750
    		Whitehouse, SheldonDRI$33,900$35,950
    		Wicker, RogerRMS$40,000$136,574
    		Wiggins, PatriciaDCA-2$0$17,900
    		Wolk, LoisDCA-5$0$8,400
    		Wright, RoderickDCA-25$0$4,600
    		Wyden, RonDOR$12,400$35,450
    		Wyland, MarkRCA-38$0$16,750
    		Yee, LelandDCA-8$2,714$20,650

    Interest Groups that support this bill

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    		$ Donated
    		Banks & lending institutions$2,417,163
    		Minority/Ethnic Groups$954,840
    		Commercial service unions$507,550
    		Consumer groups$10,314

    Interest Groups that oppose this bill

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    		$ Donated
    		Commercial banks & bank holding companies$9,186,915
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