Posted by 07 August 2017
Check out this key bill voted on by elected officials in Iowa, check-in to the VoteSpotter app to see how your legislators voted, and comment below to share what you think!
Senate Bill 502, To Raise a State-Imposed Cap on Fees Issued by Creditors: Passed 49 to 0 in the state Senate on April 12, 2017.
This measure modifies several aspects of state law governing credit cards, including raising the limit on overdraft fees (bounced checks) from $15 to $30. It also allows the fee for exceeding a credit limit to go from $15 to $30. It also increases the amount that a person can receive from a civil action against a credit issuer from a range of $100 to $1,000 to a range of $200 to $2,000.
Comment below to share what you think of Iowa Senate Bill 502!