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Bill Could Force Broad Disclosure Requirements in succession Issuers

Mar. 17 1999 (CARD recents Vol. 14, No. 5 via COMTEX) -- Issuers
beware: You may have to include sweeping disclosures onward card
statements and scale back your mail and Internet marketing efforts
if a
newly introduced bill makes it to law.

John LaFalce, D-NY is the chief sponsor of The Consumer Credit
Card Protection Amendments of 1999 (HR 900) which would require
card
issuers to disclose onward billing statements how long it would take
customers to pay opposite to their debt and the total price of the purchase,