15 U.S. Code § 1646 - Dissemination of annual percentage rates; implementation, etc.
(a) Annual percentage rates
The Bureau shall collect, publish, and disseminate to the public, on a demonstration basis in a number of standard metropolitan statistical areas to be determined by the Bureau, the annual percentage rates charged for representative types of nonsale credit by creditors in such areas. For the purpose of this section, the Bureau is authorized to require creditors in such areas to furnish information necessary for the Bureau to collect, publish, and disseminate such information.
(b) Credit card price and availability information
(1) Collection required
(2) Sample requirements
The broad sample of financial institutions required under paragraph (1) shall include—
(3) Report of information from sample
Each financial institution in the broad sample established pursuant to paragraph (2) shall report the information to the Bureau in accordance with such regulations or orders as the Bureau may prescribe.
Source(Pub. L. 90–321, title I, § 136, as added Pub. L. 96–221, title VI, § 618(a),Mar. 31, 1980, 94 Stat. 183; amended Pub. L. 100–583, § 5,Nov. 3, 1988, 102 Stat. 2967; Pub. L. 111–203, title X, § 1100A(2),July 21, 2010, 124 Stat. 2107.)
2010—Pub. L. 111–203substituted “Bureau” for “Board” wherever appearing.
1988—Subsecs. (b), (c). Pub. L. 100–583added subsec. (b), redesignated former subsec. (b) as (c), and substituted “subsections (a) and (b)” for “subsection (a)”.
Effective Date of 2010 Amendment
Amendment by Pub. L. 111–203effective on the designated transfer date, see section 1100H ofPub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.
Section 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 ofPub. L. 96–221, set out as an Effective Date of 1980 Amendment note under section 1602 of this title.