S. 2655: A bill to amend the Truth in Lending Act, to prohibit universal default practices by credit card issuers, to limit fees that may be imposed on credit card accounts, and to require credit card issuers to verify a prospective consumer's ability to pay before extending credit to the consumer, and for other purposes. S. 2655: Credit Card Reform Act of 2006 Sponsor introductory remarks on measure. (CR S3592-3593) 2006-04-26 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 2006-04-26 S. 2655: Credit Card Reform Act of 2006 s S. 2655: Credit Card Reform Act of 2006 (109th Congress) Administrative procedure Consumer education Executive departments Fees Law Finance Consumer credit Consumers Credit cards Interest rates Federal reserve system Loan defaults Credit Card Reform Act of 2006 A bill to amend the Truth in Lending Act, to prohibit universal default practices by credit card issuers, to limit fees that may be imposed on credit card accounts, and to require credit card issuers to verify a prospective consumer's ability to pay before extending credit to the consumer, and for other purposes. 2006-04-26 109 2006-04-26 2655 introduced SenateBill LegislativeAction ShortTitle OfficialTitle