§ 1637. — Open end consumer credit plans.
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From the U.S. Code Online via GPO Access
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[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC1637]
TITLE 15--COMMERCE AND TRADE
CHAPTER 41--CONSUMER CREDIT PROTECTION
SUBCHAPTER I--CONSUMER CREDIT COST DISCLOSURE
Part B--Credit Transactions
Sec. 1637. Open end consumer credit plans
(a) Required disclosures by creditor
Before opening any account under an open end consumer credit plan,
the creditor shall disclose to the person to whom credit is to be
extended each of the following items, to the extent applicable:
(1) The conditions under which a finance charge may be imposed,
including the time period (if any) within which any credit extended
may be repaid without incurring a finance charge, except that the
creditor may, at his election and without disclosure, impose no such
finance charge if payment is received after the termination of such
time period. If no such time period is provided, the creditor shall
disclose such fact.
(2) The method of determining the balance upon which a finance
charge will be imposed.
(3) The method of determining the amount of the finance charge,
including any minimum or fixed amount imposed as a finance charge.
(4) Where one or more periodic rates may be used to compute the
finance charge, each such rate, the range of balances to which it is
applicable, and the corresponding nominal annual percentage rate
determined by multiplying the periodic rate by the number of periods
in a year.
(5) Identification of other charges which may be imposed as part
of the plan, and their method of computation, in accordance with
regulations of the Board.
(6) In cases where the credit is or will be secured, a statement
that a security interest has been or will be taken in (A) the
property purchased as part of the credit transaction, or (B)
property not purchased as part of the credit transaction identified
by item or type.
(7) A statement, in a form prescribed by regulations of the
Board of the protection provided by sections 1666 and 1666i of this
title to an obligor and the creditor's responsibilities under
sections 1666a and 1666i of this title. With respect to one billing
cycle per calendar year, at intervals of not less than six months or
more than eighteen months, the creditor shall transmit such
statement to each obligor to whom the creditor is required to
transmit a statement pursuant to subsection (b) of this section for
such billing cycle.
(8) In the case of any account under an open end consumer credit
plan which provides for any extension of credit which is secured by
the consumer's principal dwelling, any information which--
(A) is required to be disclosed under section 1637a(a) of
this title; and
(B) the Board determines is not described in any other
paragraph of this subsection.
(b) Statement required with each billing cycle
The creditor of any account under an open end consumer credit plan
shall transmit to the obligor, for each billing cycle at the end of
which there is an outstanding balance in that account or with respect to
which a finance charge is imposed, a statement setting forth each of the
following items to the extent applicable:
(1) The outstanding balance in the account at the beginning of
the statement period.
(2) The amount and date of each extension of credit during the
period, and a brief identification, on or accompanying the statement
of each extension of credit in a form prescribed by the Board
sufficient to enable the obligor either to identify the transaction
or to relate it to copies of sales vouchers or similar instruments
previously furnished, except that a creditor's failure to disclose
such information in accordance with this paragraph shall not be
deemed a failure to comply with this part or this subchapter if (A)
the creditor maintains procedures reasonably adapted to procure and
provide such information, and (B) the creditor responds to and
treats any inquiry for clarification or documentation as a billing
error and an erroneously billed amount under section 1666 of this
title. In lieu of complying with the requirements of the previous
sentence, in the case of any transaction in which the creditor and
seller are the same person, as defined by the Board, and such
person's open end credit plan has fewer than 15,000 accounts, the
creditor may elect to provide only the amount and date of each
extension of credit during the period and the seller's name and
location where the transaction took place if (A) a brief
identification of the transaction has been previously furnished, and
(B) the creditor responds to and treats any inquiry for
clarification or documentation as a billing error and an erroneously
billed amount under section 1666 of this title.
(3) The total amount credited to the account during the period.
(4) The amount of any finance charge added to the account during
the period, itemized to show the amounts, if any, due to the
application of percentage rates and the amount, if any, imposed as a
minimum or fixed charge.
(5) Where one or more periodic rates may be used to compute the
finance charge, each such rate, the range of balances to which it is
applicable, and, unless the annual percentage rate (determined under
section 1606(a)(2) of this title) is required to be disclosed
pursuant to paragraph (6), the corresponding nominal annual
percentage rate determined by multiplying the periodic rate by the
number of periods in a year.
(6) Where the total finance charge exceeds 50 cents for a
monthly or longer billing cycle, or the pro rata part of 50 cents
for a billing cycle shorter than monthly, the total finance charge
expressed as an annual percentage rate (determined under section
1606(a)(2) of this title), except that if the finance charge is the
sum of two or more products of a rate times a portion of the
balance, the creditor may, in lieu of disclosing a single rate for
the total charge, disclose each such rate expressed as an annual
percentage rate, and the part of the balance to which it is
applicable.
(7) The balance on which the finance charge was computed and a
statement of how the balance was determined. If the balance is
determined without first deducting all credits during the period,
that fact and the amount of such payments shall also be disclosed.
(8) The outstanding balance in the account at the end of the
period.
(9) The date by which or the period (if any) within which,
payment must be made to avoid additional finance charges, except
that the creditor may, at his election and without disclosure,
impose no such additional finance charge if payment is received
after such date or the termination of such period.
(10) The address to be used by the creditor for the purpose of
receiving billing inquiries from the obligor.
(c) Disclosure in credit and charge card applications and solicitations
(1) Direct mail applications and solicitations
(A) Information in tabular format
Any application to open a credit card account for any person
under an open end consumer credit plan, or a solicitation to
open such an account without requiring an application, that is
mailed to consumers shall disclose the following information,
subject to subsection (e) of this section and section 1632(c) of
this title:
(i) Annual percentage rates
(I) Each annual percentage rate applicable to extensions
of credit under such credit plan.
(II) Where an extension of credit is subject to a
variable rate, the fact that the rate is variable, the
annual percentage rate in effect at the time of the mailing,
and how the rate is determined.
(III) Where more than one rate applies, the range of
balances to which each rate applies.
(ii) Annual and other fees
(I) Any annual fee, other periodic fee, or membership
fee imposed for the issuance or availability of a credit
card, including any account maintenance fee or other charge
imposed based on activity or inactivity for the account
during the billing cycle.
(II) Any minimum finance charge imposed for each period
during which any extension of credit which is subject to a
finance charge is outstanding.
(III) Any transaction charge imposed in connection with
use of the card to purchase goods or services.
(iii) Grace period
(I) The date by which or the period within which any
credit extended under such credit plan for purchases of
goods or services must be repaid to avoid incurring a
finance charge, and, if no such period is offered, such fact
shall be clearly stated.
(II) If the length of such ``grace period'' varies, the
card issuer may disclose the range of days in the grace
period, the minimum number of days in the grace period, or
the average number of days in the grace period, if the
disclosure is identified as such.
(iv) Balance calculation method
(I) The name of the balance calculation method used in
determining the balance on which the finance charge is
computed if the method used has been defined by the Board,
or a detailed explanation of the balance calculation method
used if the method has not been so defined.
(II) In prescribing regulations to carry out this
clause, the Board shall define and name not more than the 5
balance calculation methods determined by the Board to be
the most commonly used methods.
(B) Other information
In addition to the information required to be disclosed
under subparagraph (A), each application or solicitation to
which such subparagraph applies shall disclose clearly and
conspicuously the following information, subject to subsections
(e) and (f) of this section:
(i) Cash advance fee
Any fee imposed for an extension of credit in the form
of cash.
(ii) Late fee
Any fee imposed for a late payment.
(iii) Over-the-limit fee
Any fee imposed in connection with an extension of
credit in excess of the amount of credit authorized to be
extended with respect to such account.
(2) Telephone solicitations
(A) In general
In any telephone solicitation to open a credit card account
for any person under an open end consumer credit plan, the
person making the solicitation shall orally disclose the
information described in paragraph (1)(A).
(B) Exception
Subparagraph (A) shall not apply to any telephone
solicitation if--
(i) the credit card issuer--
(I) does not impose any fee described in paragraph
(1)(A)(ii)(I); or
(II) does not impose any fee in connection with
telephone solicitations unless the consumer signifies
acceptance by using the card;
(ii) the card issuer discloses clearly and conspicuously
in writing the information described in paragraph (1) within
30 days after the consumer requests the card, but in no
event later than the date of delivery of the card; and
(iii) the card issuer discloses clearly and
conspicuously that the consumer is not obligated to accept
the card or account and the consumer will not be obligated
to pay any of the fees or charges disclosed unless the
consumer elects to accept the card or account by using the
card.
(3) Applications and solicitations by other means
(A) In general
Any application to open a credit card account for any person
under an open end consumer credit plan, and any solicitation to
open such an account without requiring an application, that is
made available to the public or contained in catalogs,
magazines, or other publications shall meet the disclosure
requirements of subparagraph (B), (C), or (D).
(B) Specific information
An application or solicitation described in subparagraph (A)
meets the requirement of this subparagraph if such application
or solicitation contains--
(i) the information--
(I) described in paragraph (1)(A) in the form
required under section 1632(c) of this title, subject to
subsection (e) of this section, and
(II) described in paragraph (1)(B) in a clear and
conspicuous form, subject to subsections (e) and (f) of
this section;
(ii) a statement, in a conspicuous and prominent
location on the application or solicitation, that--
(I) the information is accurate as of the date the
application or solicitation was printed;
(II) the information contained in the application or
solicitation is subject to change after such date; and
(III) the applicant should contact the creditor for
information on any change in the information contained
in the application or solicitation since it was printed;
(iii) a clear and conspicuous disclosure of the date the
application or solicitation was printed; and
(iv) a disclosure, in a conspicuous and prominent
location on the application or solicitation, of a toll free
telephone number or a mailing address at which the applicant
may contact the creditor to obtain any change in the
information provided in the application or solicitation
since it was printed.
(C) General information without any specific term
An application or solicitation described in subparagraph (A)
meets the requirement of this subparagraph if such application
or solicitation--
(i) contains a statement, in a conspicuous and prominent
location on the application or solicitation, that--
(I) there are costs associated with the use of
credit cards; and
(II) the applicant may contact the creditor to
request disclosure of specific information of such costs
by calling a toll free telephone number or by writing to
an address, specified in the application;
(ii) contains a disclosure, in a conspicuous and
prominent location on the application or solicitation, of a
toll free telephone number and a mailing address at which
the applicant may contact the creditor to obtain such
information; and
(iii) does not contain any of the items described in
paragraph (1).
(D) Applications or solicitations containing subsection (a)
disclosures
An application or solicitation meets the requirement of this
subparagraph if it contains, or is accompanied by--
(i) the disclosures required by paragraphs (1) through
(6) of subsection (a) of this section;
(ii) the disclosures required by subparagraphs (A) and
(B) of paragraph (1) of this subsection included clearly and
conspiciously \1\ (except that the provisions of section
1632(c) of this title shall not apply); and
---------------------------------------------------------------------------
\1\ So in original. Probably should be ``conspicuously''.
---------------------------------------------------------------------------
(iii) a toll free telephone number or a mailing address
at which the applicant may contact the creditor to obtain
any change in the information provided.
(E) Prompt response to information requests
Upon receipt of a request for any of the information
referred to in subparagraph (B), (C), or (D), the card issuer or
the agent of such issuer shall promptly disclose all of the
information described in paragraph (1).
(4) Charge card applications and solicitations
(A) In general
Any application or solicitation to open a charge card
account shall disclose clearly and conspicuously the following
information in the form required by section 1632(c) of this
title, subject to subsection (e) of this section:
(i) Any annual fee, other periodic fee, or membership
fee imposed for the issuance or availability of the charge
card, including any account maintenance fee or other charge
imposed based on activity or inactivity for the account
during the billing cycle.
(ii) Any transaction charge imposed in connection with
use of the card to purchase goods or services.
(iii) A statement that charges incurred by use of the
charge card are due and payable upon receipt of a periodic
statement rendered for such charge card account.
(B) Other information
In addition to the information required to be disclosed
under subparagraph (A), each written application or solicitation
to which such subparagraph applies shall disclose clearly and
conspicuously the following information, subject to subsections
(e) and (f) of this section:
(i) Cash advance fee
Any fee imposed for an extension of credit in the form
of cash.
(ii) Late fee
Any fee imposed for a late payment.
(iii) Over-the-limit fee
Any fee imposed in connection with an extension of
credit in excess of the amount of credit authorized to be
extended with respect to such account.
(C) Applications and solicitations by other means
Any application to open a charge card account, and any
solicitation to open such an account without requiring an
application, that is made available to the public or contained
in catalogs, magazines, or other publications shall contain--
(i) the information--
(I) described in subparagraph (A) in the form
required under section 1632(c) of this title, subject to
subsection (e) of this section, and
(II) described in subparagraph (B) in a clear and
conspicuous form, subject to subsections (e) and (f) of
this section;
(ii) a statement, in a conspicuous and prominent
location on the application or solicitation, that--
(I) the information is accurate as of the date the
application or solicitation was printed;
(II) the information contained in the application or
solicitation is subject to change after such date; and
(III) the applicant should contact the creditor for
information on any change in the information contained
in the application or solicitation since it was printed;
(iii) a clear and conspicuous disclosure of the date the
application or solicitation was printed; and
(iv) a disclosure, in a conspicuous and prominent
location on the application or solicitation, of a toll free
telephone number or a mailing address at which the applicant
may contact the creditor to obtain any change in the
information provided in the application or solicitation
since it was printed.
(D) Issuers of charge cards which provide access to open end
consumer credit plans
If a charge card permits the card holder to receive an
extension of credit under an open end consumer credit plan,
which is not maintained by the charge card issuer, the charge
card issuer may provide the information described in
subparagraphs (A) and (B) in the form required by such
subparagraphs in lieu of the information required to be provided
under paragraph (1), (2), or (3) with respect to any credit
extended under such plan, if the charge card issuer discloses
clearly and conspicuously to the consumer in the application or
solicitation that--
(i) the charge card issuer will make an independent
decision as to whether to issue the card;
(ii) the charge card may arrive before the decision is
made with respect to an extension of credit under an open
end consumer credit plan; and
(iii) approval by the charge card issuer does not
constitute approval by the issuer of the extension of
credit.
The information required to be disclosed under paragraph (1)
shall be provided to the charge card holder by the creditor
which maintains such open end consumer credit plan before the
first extension of credit under such plan.
(E) Charge card defined
For the purposes of this subsection, the term ``charge
card'' means a card, plate, or other single credit device that
may be used from time to time to obtain credit which is not
subject to a finance charge.
(5) Regulatory authority of the Board
The Board may, by regulation, require the disclosure of
information in addition to that otherwise required by this
subsection or subsection (d) of this section, and modify any
disclosure of information required by this subsection or subsection
(d) of this section, in any application to open a credit card
account for any person under an open end consumer credit plan or any
application to open a charge card account for any person, or a
solicitation to open any such account without requiring an
application, if the Board determines that such action is necessary
to carry out the purposes of, or prevent evasions of, any paragraph
of this subsection.
(d) Disclosure prior to renewal
(1) In general
Except as provided in paragraph (2), a card issuer that imposes
any fee described in subsection (c)(1)(A)(ii)(I) or (c)(4)(A)(i) of
this section shall transmit to a consumer at least 30 days prior to
the scheduled renewal date of the consumer's credit or charge card
account a clear and conspicuous disclosure of--
(A) the date by which, the month by which, or the billing
period at the close of which, the account will expire if not
renewed;
(B) the information described in subsection (c)(1)(A) or
(c)(4)(A) of this section that would apply if the account were
renewed, subject to subsection (e) of this section; and
(C) the method by which the consumer may terminate continued
credit availability under the account.
(2) Special rule for certain disclosures
(A) In general
The disclosures required by this subsection may be
provided--
(i) prior to posting a fee described in subsection
(c)(1)(A)(ii)(I) or (c)(4)(A)(i) of this section to the
account, or
(ii) with the periodic billing statement first
disclosing that the fee has been posted to the account.
(B) Limitation on use of special rule
Disclosures may be provided under subparagraph (A) only if--
(i) the consumer is given a 30-day period to avoid
payment of the fee or to have the fee recredited to the
account in any case where the consumer does not wish to
continue the availability of the credit; and
(ii) the consumer is permitted to use the card during
such period without incurring an obligation to pay such fee.
(3) Short-term renewals
The Board may by regulation provide for fewer disclosures than
are required by paragraph (1) in the case of an account which is
renewable for a period of less than 6 months.
(e) Other rules for disclosures under subsections (c) and (d)
(1) Fees determined on the basis of a percentage
If the amount of any fee required to be disclosed under
subsection (c) or (d) of this section is determined on the basis of
a percentage of another amount, the percentage used in making such
determination and the identification of the amount against which
such percentage is applied shall be disclosed in lieu of the amount
of such fee.
(2) Disclosure only of fees actually imposed
If a credit or charge card issuer does not impose any fee
required to be disclosed under any provision of subsection (c) or
(d) of this section, such provision shall not apply with respect to
such issuer.
(f) Disclosure of range of certain fees which vary by State allowed
If the amount of any fee required to be disclosed by a credit or
charge card issuer under paragraph (1)(B), (3)(B)(i)(II), (4)(B), or
(4)(C)(i)(II) of subsection (c) of this section varies from State to
State, the card issuer may disclose the range of such fees for purposes
of subsection (c) of this section in lieu of the amount for each
applicable State, if such disclosure includes a statement that the
amount of such fee varies from State to State.
(g) Insurance in connection with certain open end credit card plans
(1) Change in insurance carrier
Whenever a card issuer that offers any guarantee or insurance
for repayment of all or part of the outstanding balance of an open
end credit card plan proposes to change the person providing that
guarantee or insurance, the card issuer shall send each insured
consumer written notice of the proposed change not less than 30 days
prior to the change, including notice of any increase in the rate or
substantial decrease in coverage or service which will result from
such change. Such notice may be included on or with the monthly
statement provided to the consumer prior to the month in which the
proposed change would take effect.
(2) Notice of new insurance coverage
In any case in which a proposed change described in paragraph
(1) occurs, the insured consumer shall be given the name and address
of the new guarantor or insurer and a copy of the policy or group
certificate containing the basic terms and conditions, including the
premium rate to be charged.
(3) Right to discontinue guarantee or insurance
The notices required under paragraphs (1) and (2) shall each
include a statement that the consumer has the option to discontinue
the insurance or guarantee.
(4) No preemption of State law
No provision of this subsection shall be construed as
superseding any provision of State law which is applicable to the
regulation of insurance.
(5) Board definition of substantial decrease in coverage or
service
The Board shall define, in regulations, what constitutes a
``substantial decrease in coverage or service'' for purposes of
paragraph (1).
(Pub. L. 90-321, title I, Sec. 127, May 29, 1968, 82 Stat. 153; Pub. L.
93-495, title III, Secs. 304, 305, title IV, Secs. 411, 415, Oct. 28,
1974, 88 Stat. 1511, 1519, 1521; Pub. L. 96-221, title VI, Sec. 613(a)-
(e), Mar. 31, 1980, 94 Stat. 176, 177; Pub. L. 100-583, Secs. 2(a), 6,
Nov. 3, 1988, 102 Stat. 2960, 2968; Pub. L. 100-709, Sec. 2(b), Nov. 23,
1988, 102 Stat. 4729.)
Amendments
1988--Subsec. (a)(8). Pub. L. 100-709 added par. (8).
Subsecs. (c) to (f). Pub. L. 100-583, Sec. 2(a), added subsecs. (c)
to (f).
Subsec. (g). Pub. L. 100-583, Sec. 6, added subsec. (g).
1980--Subsec. (a)(1). Pub. L. 96-221, Sec. 613(a)(1), inserted
provisions requiring the creditor to disclose that no time period is
provided.
Subsec. (a)(5). Pub. L. 96-221, Sec. 613(a)(2), (3), redesignated
par. (6) as (5) and inserted provisions relating to identification of
other charges, and regulations by the Board. Former par. (5), relating
to elective rights of the creditor, was struck out.
Subsec. (a)(6). Pub. L. 96-221, Sec. 613(a)(2), (3), redesignated
par. (7) as (6) and revised nomenclature and expanded statement
requirements. Former par. (6) redesignated (5).
Subsec. (a)(7), (8). Pub. L. 96-221, Sec. 613(a)(2), (d),
redesignated par. (8) as (7) and substituted provisions relating to one
billing cycle per calendar year, for provisions relating to each of two
billing cycles per year. Former par. (7) redesignated (6).
Subsec. (b)(2). Pub. L. 96-221, Sec. 613(b), inserted provisions
relating to failure of the creditor to disclose information in
accordance with this paragraph, and made minor changes in phraseology.
Subsec. (b)(7) to (11). Pub. L. 96-221, Sec. 613(c), struck out par.
(7) which related to elective rights of the creditor, and redesignated
pars. (8) to (11) as (7) to (10), respectively.
Subsec. (c). Pub. L. 96-221, Sec. 613(e), struck out subsec. (c)
which related to the time for making disclosures with respect to open
end consumer credit plans having an outstanding balance of more than $1
at or after the close of the first full billing cycle.
1974--Subsec. (a)(1). Pub. L. 93-495, Sec. 415(1), inserted
exception relating to nonimposition of a finance charge at the election
of the creditor and without disclosure.
Subsec. (a)(8). Pub. L. 93-495, Sec. 304(a), added par. (8).
Subsec. (b)(2). Pub. L. 93-495, Sec. 411, substituted provisions
requiring a brief identification on or accompanying the statement of
credit extension sufficient to enable the obligor to identify the
transaction or relate it to copies of sales vouchers or similar
instruments previously furnished, for provisions requiring for purchases
a brief identification, unless previously furnished, of the goods or
services purchased.
Subsec. (b)(10). Pub. L. 93-495, Sec. 415(2), inserted exception
relating to nonimposition of additional finance charge at the election
of the creditor and without disclosure.
Subsec. (b)(11). Pub. L. 93-495, Sec. 305, added par. (11).
Subsec. (c). Pub. L. 93-495, Sec. 304(b), substituted provisions
relating to disclosure requirements in a notice mailed or delivered to
the obligor not later than the time of mailing the next statement
required by subsec. (b) of this section, for provisions relating to
disclosure requirements in a notice mailed or delivered to the obligor
not later than thirty days after July 1, 1969.
Effective Date of 1988 Amendment
For effective date of amendments by Pub. L. 100-709, see
Regulations; Effective Date note below.
Effective Date of 1980 Amendment
Amendment by Pub. L. 96-221 effective on expiration of two years and
six months after Mar. 31, 1980, with all regulations, forms, and clauses
required to be prescribed to be promulgated at least one year prior to
such effective date, and allowing any creditor to comply with any
amendments, in accordance with the regulations, forms, and clauses
prescribed by the Board prior to such effective date, see section 625 of
Pub. L. 96-221, set out as a note under section 1602 of this title.
Effective Date of 1974 Amendment
For effective date of amendment by sections 304 and 305 of Pub. L.
93-495, see section 308 of Pub. L. 93-495, set out as an Effective Date
note under section 1666 of this title.
For effective date of amendment by section 411 of Pub. L. 93-495,
see section 416 of Pub. L. 93-495, set out as an Effective Date note
under section 1665a of this title.
Amendment by section 415 of Pub. L. 93-495 effective Oct. 28, 1974,
see section 416 of Pub. L. 93-495, set out as an Effective Date note
under section 1665a of this title.
Regulations; Effective Date
For provisions relating to promulgation of regulations to implement
amendment by Pub. L. 100-709, and effective date of such amendment in
connection with those regulations, see section 7 of Pub. L. 100-709, set
out as a note under section 1637a of this title.
Section 7 of Pub. L. 100-583 provided that: ``Any regulation
required to be prescribed by the Board under the amendments made by
section 2 [amending this section and section 1632 of this title] shall--
``(1) take effect not later than the end of the 150-day period
beginning on the date of the enactment of this Act [Nov. 3, 1988];
and
``(2) apply only with respect to applications, solicitations,
and other material distributed after the end of the 150-day period
beginning after the end of the period referred to in paragraph (1),
except that--
``(A) in the case of applications and solicitations subject
to paragraph (3) or (4)(C) of section 127(c) of the Truth in
Lending Act [15 U.S.C. 1637(c)(3), (4)(C)] (as added by section
2), such period shall be 240 days; and
``(B) any card issuer may, at its option, comply with the
requirements of the amendments made by this Act [see Short Title
of 1988 Amendment note under section 1601 of this title] prior
to the applicable effective date, in which case the amendments
made by this Act shall be fully applicable to such card
issuer.''
Reports to Congress
Section 8 of Pub. L. 100-583 provided that: ``Not later than 1 year
after the regulations prescribed under section 7 of this Act [set out as
a note above] become effective and annually thereafter, the Board of
Governors of the Federal Reserve System shall transmit to the Congress a
report containing an assessment by the Board of the profitability of
credit card operations of depository institutions, including an analysis
of any impact of the amendments made by this Act [see Short Title of
1988 Amendment note under section 1601 of this title] on such
profitability.''
Section Referred to in Other Sections
This section is referred to in sections 78m, 1602, 1610, 1632, 1640,
1643, 1646, 1666 of this title.