House Bill 7016 – “An Act Providing Protection to Credit Card Holders”

Published by rudy Date posted on November 8, 2009

An Act Providing Protection to Credit Card Holders by Setting a Ceiling on Interest Rates and Surcharges and Prohibiting Hidden Penalties or Costs Imposed by Credit Card Companies, Banks, and Similar Institutions on Purchases and Cash Advances Made through Such Facility

– Puts into effect the cap on interest rates of 1% per month and penalty charges of 1% per month as ruled by the Supreme Court.

– Prohibits credit card companies from charging fees for exceeding the cardholder’s credit limit. Such fees are unconscionable since the credit card companies themselves authorized individual transactions which resulted in cardholders exceeding their credit limits.

Download the text in PDF format

Sept 5 – Oct 5
National Teachers Month

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Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
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Accept National Unity Government (NUG)
of Myanmar.  Reject Military!

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September


Monthly Observances:

Health, Safety, and Sanitation Month
Clean-up Month
Civil Service Month

National Peace Consciousness Month

Social Security Month

Rule of Law Month

National Teachers’ Month (Sept 5-Oct 5)

 

Weekly Observances:

Sept 17 – 23:

World Clean and Green Week

Week 2: Education Week

Week 4: Medicine Week

Last Week: Family Week


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Last Friday: National Maritime Day

Sept 8: National Literacy Day

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