1. Short title
This Act may be cited as the “Online Credit Card Disclosure Act of 2015”.
Online Credit Card Disclosure Act of 2015
A BILL
To strengthen the disclosure requirements for creditors under the Truth in Lending Act.
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—
in clause (i), by striking “; and” and inserting a semicolon;
in clause (ii), by striking the period and inserting “; and”; and
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.”