Consumer Credit
US Congress 112th Congress
To amend the Federal Deposit Insurance Act and the Federal Credit Union Act with respect to privilege of information provided to Federal and State agencies, and for other purposes. [HB-6125]
[Finance ]
[Consumer Protection ]
[Data Privacy ]
Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to declare that certain federal agencies ("covered agencies") shall not be deemed to have waived any confidentiality applicable to information by either transferring such information to, or permitting it to be used by, another covered agency or specified federal agencies. Includes among "covered agencies": (1) the Consumer Financial Protection Bureau (CFPB), (2) state bank and financial company supervisors, and (3) certain licensing and registry systems established under
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Sponsored by: Sen. Gary C. Peters
Referred To The Subcommittee On Financial Institutions And Consumer Credit. on 07/31/2012
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Taxpayer Bill of Rights Act of 2012 [HB-6050]
[Taxes ]
[Finance ]
[Consumer Protection ]
[Small Business ]
[Law Enforcement ]
Taxpayer Bill of Rights Act of 2012 - Amends the Internal Revenue Code to require the Secretary of the Treasury, in consultation with the National Taxpayer Advocate, to publish a summary statement of taxpayer rights and obligations. Authorizes the Secretary to make grants to develop, expand, or continue volunteer income tax assistance programs to assist low-income taxpayers. Allows tax preparation program grant recipients to use grant funds to provide services related to financial literacy, asset development, and the establishment of savings accounts.
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Sponsored by: Rep. Janice D. Schakowsky
Referred To The Subcommittee On Financial Institutions And Consumer Credit. on 10/01/2012
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Small Business Lending for Jobs Act of 2012 [HB-6037]
[Finance ]
[Labor, Jobs, Employment ]
[Real Estate ]
[Small Business ]
[Economic Development ]
Small Business Lending for Jobs Act of 2012 - Directs federal banking agencies to focus upon: (1) facilitating credit availability to customers of insured depository institutions, and (2) using regulatory policies and procedures that promote credit availability in a safe and sound manner in order to assist insured depository institutions to provide such credit and thus encourage business development and employment. Prohibits federal banking agencies from requiring or pressuring insured depository institutions to provide particular kinds of credit
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Sponsored by: Rep. Mike Coffman
Referred To The Subcommittee On Financial Institutions And Consumer Credit. on 10/01/2012
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Military Savings Act of 2012 [HB-5946]
[Military ]
[Veterans ]
[Consumer Protection ]
[Finance ]
Military Savings Act of 2012 - Directs the Undersecretary of Defense (Comptroller) to carry out a five-year pilot program to develop innovative consumer financial products that encourage savings and wealth-creation among active-duty servicemembers. Requires the program to be carried out in such a way that it does not exacerbate the incidence of servicemember credit overextension. Directs the Undersecretary to choose at least 10 military installations at which to implement the program. Directs the Undersecretary to contract for an annual independent
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Sponsored by: Sen. Edward J. Markey
Referred To The Subcommittee On Military Personnel. on 07/10/2012
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Eliminate Privacy Notice Confusion Act [HB-5817]
[Consumer Protection ]
[Data Privacy ]
[Finance ]
Eliminate Privacy Notice Confusion Act - Amends the Gramm-Leach-Bliley Act to exempt from its annual privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, and (2) has not changed its policies and practices with regard to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers.
Sponsored by: Rep. Ted Poe
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 12/13/2012
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Fair Debt Collection Practices Clarification Act of 2012 [HB-5794]
[Consumer Protection ]
[Finance ]
[Law Enforcement ]
[Data Privacy ]
Fair Debt Collection Practices Clarification Act of 2012 - Amends the Fair Debt Collection Practices Act to revise the disclaimer of liability for any act done or omitted in good faith in conformity with any advisory opinion of the Consumer Financial Protection Bureau (CFPB). Exempts from liability, in addition, acts done or omitted in good faith in compliance with any rule, regulation, or interpretation of the CFPB, or in conformity with any interpretation or approval by a CFPB official or employee duly authorized to issue such interpretations
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Sponsored by: Rep. Barney Frank
Referred To The Subcommittee On Financial Institutions And Consumer Credit. on 07/11/2012
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Military Family Home Protection Act [HB-5747]
[Veterans ]
[Military ]
[Real Estate ]
[Housing ]
[Consumer Protection ]
[Finance ]
Military Family Home Protection Act - Amends the Servicemembers Civil Relief Act to allow a court, in an action to enforce an obligation on real or personal property secured by a mortgage against a servicemember on active duty, a totally disabled veteran, or the surviving spouse of a member who died during military service, to either: (1) stay the proceedings for a period of time as justice and equity require, or (2) adjust the obligation to preserve the interests of all parties. Prohibits the sale, foreclosure, or seizure of the subject property
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Sponsored by: Rep. Gerald E. Connolly
Committee Consideration And Mark-up Session Held. on 07/11/2012
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Overdraft Protection Act of 2012 [HB-5691]
[Consumer Protection ]
[Finance ]
Overdraft Protection Act of 2012 - Amends the Truth in Lending Act to prohibit a depository institution from engaging in unfair or deceptive acts or practices in connection with overdraft coverage, or in acts designed to evade the provisions of this Act. Requires each depository institution that provides overdraft coverage for transaction accounts clearly and conspicuously to disclose overdraft coverage fees and that, if a consumer does not opt-in to such overdraft coverage: (1) the consumer's transaction may be declined if there are insufficient
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Sponsored by: Rep. Raul M. Grijalva
Referred To The Subcommittee On Financial Institutions And Consumer Credit. on 06/01/2012
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Manufacturing Certainty and Captive Finance Affiliate Clarification Act [HB-5649]
[Finance ]
[Manufacturing ]
[Consumer Protection ]
Manufacturing Certainty and Captive Finance Affiliate Clarification Act - Amends the Commodity Exchange Act to redefine an exclusion from "major swap participant" (and as a result from the swap clearing requirement) an entity (captive finance company) whose primary business is providing financing that facilitates the sale or lease of products by or on behalf of the parent company or its subsidiary, and uses derivatives only for the purpose of hedging underlying commercial risks in a consolidated financing and leasing portfolio at least 90% of which,
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Sponsored by: Rep. Mike McIntyre
Referred To The Subcommittee On General Farm Commodities And Risk Management. on 05/30/2012
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✔
National Defense Authorization Act for Fiscal Year 2013 [HB-4310]
[Defense ]
[National Security ]
[Military ]
[Aerospace ]
[Cybersecurity ]
[Technology and Innovation ]
[Budget and Spending ]
[Veterans ]
[Healthcare ]
[Mental Health ]
[Labor, Jobs, Employment ]
[Science ]
[Education ]
[Family-Related Legislation ]
[Human Services ]
[Law Enforcement ]
[Criminal Justice ]
[Public Safety ]
[Trade ]
[International ]
[Small Business ]
[Manufacturing ]
[Construction ]
[Transportation and Motor Vehicles ]
[Energy ]
[Environmental ]
[Data Privacy ]
[Consumer Protection ]
[Public Health ]
[Medicare and Medicaid ]
[Funding ]
[Grants ]
[Human Rights ]
[Ethics ]
[Pensions ]
[Pharmaceuticals ]
[Workers' Compensation ]
[Disaster Relief ]
[Elections ]
[Arts and Culture ]
[Crime ]
National Defense Authorization Act for Fiscal Year 2013 - Division A: Department of Defense Authorizations - Title I: Procurement - Subtitle A: Authorization of Appropriations - (Sec. 101) Authorizes appropriations for FY2013 for the Department of Defense (DOD) for procurement for the Army, Navy and Marine Corps, Air Force, and defense-wide activities, in amounts specified in the funding table in Division D of this Act. Subtitle B: Army Programs - (Sec. 111) Authorizes the Secretary of the Army, beginning with the FY2013 program year, to enter into
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Sponsored by: Rep. Adam Smith
Signed By President. on 01/02/2013
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Fair Debt Collection Practices Clarification Act of 2012 [HB-4101]
[Consumer Protection ]
[Finance ]
[Law Enforcement ]
[Data Privacy ]
Fair Debt Collection Practices Clarification Act of 2012 - Amends the Fair Debt Collection Practices Act to revise the disclaimer of liability for any act done or omitted in good faith in conformity with any advisory opinion of the Consumer Financial Protection Bureau (CFPB). Exempts from liability, in addition, acts done or omitted in good faith in compliance with any rule, regulation, or interpretation of the CFPB, or in conformity with any interpretation or approval by a CFPB official or employee duly authorized to issue such interpretations
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Sponsored by: Rep. Barney Frank
Referred To The Subcommittee On Financial Institutions And Consumer Credit. on 04/26/2012
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Restoring America's Commitment to Consumers Act of 2012 [HB-4084]
[Consumer Protection ]
[Finance ]
Restoring America's Commitment to Consumers Act of 2012 - Amends the Truth in Lending Act to prohibit the annual percentage rate (APR) applicable to an extension of credit on a credit card account under an open end consumer credit plan from exceeding 16%. Includes in an APR any compensation fee (including a membership fee or an annual fee) for: (1) opening or maintaining the account; (2) granting an extension of credit; or (3) making available a line of credit. Authorizes the Board of Governors of the Federal Reserve System (Board) to make adjustments
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Sponsored by: Rep. Raul M. Grijalva
Referred To The Subcommittee On Financial Institutions And Consumer Credit. on 02/23/2012
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✔
To amend the Federal Deposit Insurance Act with respect to information provided to the Bureau of Consumer Financial Protection. [HB-4014]
[Consumer Protection ]
[Finance ]
[Data Privacy ]
Amends the Federal Deposit Insurance Act to make the Consumer Financial Protection Bureau (CFPB) a "covered agency" that may share information with another covered agency or any other federal agency without waiving any privilege applicable to the information. Prohibits information submitted to the CFPB in the course of its supervisory or regulatory process from being construed as waiving, destroying, or affecting any privilege that may be claimed with respect to such information under federal or state law as to any person or entity other than the
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Sponsored by: Sen. Shelley Moore Capito
Signed By President. on 12/20/2012
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Postmark Payment Act of 2012 [HB-4003]
[Consumer Protection ]
Postmark Payment Act of 2012 - Deems any payment required to be made on or before a prescribed date that is delivered by the U.S. Postal Service (USPS) after such date to be received by the payee on the date of the U.S. postmark stamped on the envelope or other cover in which such payment is mailed. Exempts from this Act any payment: (1) other than a payment on a bill, invoice, or statement of account due; (2) which is required by law, regulation, or contract to be delivered by any method other than by mail; or (3) which is subject to any other
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Sponsored by: Rep. Raul M. Grijalva
Referred To The House Committee On Oversight And Government Reform. on 02/09/2012
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Veterans Data Breach Timely Notification Act [HB-3730]
[Veterans ]
[Data Privacy ]
[Cybersecurity ]
[National Security ]
[Public Safety ]
[Technology and Innovation ]
Veterans Data Breach Timely Notification Act - Requires the Secretary of Veterans Affairs, in the event of a data breach with respect to sensitive personal information that is processed or maintained by the Secretary, to notify Congress and each individual whose sensitive personal information is involved in the data breach. Directs the Secretary to make such notifications within: (1) 5 business days, or (2) 10 business days if the Secretary determines that providing earlier notification is not feasible due to circumstances necessary to accurately
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Sponsored by: Sen. Joe Donnelly
Subcommittee Consideration And Mark-up Session Held. on 06/27/2012
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To amend the Truth in Lending Act to exempt certain creditors from the escrow account requirement for higher-priced mortgage loans, and for other purposes. [HB-3651]
[Finance ]
[Real Estate ]
[Housing ]
[Consumer Protection ]
[Small Business ]
[Insurance ]
Amends the Truth in Lending Act, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, to make an exemption from the requirement that a creditor in a non-credit card consumer credit transaction secured by a first lien on the principal dwelling (other than a reverse mortgage) establish an escrow or impound account for mandatory periodic payments or premiums (including taxes, insurance, and ground rents). Exempts a creditor with less than $1 billion in assets from: (1) this requirement when the consumer credit transaction has
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Sponsored by: Rep. John Barrow
Referred To The Subcommittee On Financial Institutions And Consumer Credit. on 01/12/2012
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Fairness in Foreclosures Act of 2011 [HB-3566]
[Housing ]
[Real Estate ]
[Consumer Protection ]
[Finance ]
[Poverty ]
Fairness in Foreclosures Act of 2011 - Declares that no action for a deficiency judgment arising from an obligation under a residential mortgage may be brought except in accordance with this Act. Declares that no such deficiency judgment may be issued unless the court has determined that the foreclosure sale for the property securing repayment was conducted in accordance with specified requirements. Specifies a formula for determining the total amount a plaintiff may recover in such a deficiency judgment. Declares that no action for a deficiency
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Sponsored by: Rep. Karen Bass
Referred To The Subcommittee On Courts, Commercial And Administrative Law. on 12/14/2011
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Tax Crimes and Identity Theft Prevention Act [HB-3482]
[Taxes ]
[Crime ]
[Cybersecurity ]
[Data Privacy ]
[Funding ]
[Grants ]
[Criminal Justice ]
[Public Safety ]
Tax Crimes and Identity Theft Prevention Act - Requires the Secretary of the Treasury to take necessary action to correct a tax return or tax information affected by the misuse of a taxpayer's identity within 90 days after receiving notice of such misuse from the taxpayer. Amends the Internal Revenue Code to: (1) authorize the Secretary to disclose tax return information to federal, state, and local law enforcement personnel who are personally and directly engaged in the investigation of identity theft; (2) impose a fine and/or prison term on any
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Sponsored by: Rep. Kathy Castor
Referred To The Subcommittee On Crime, Terrorism, And Homeland Security. on 12/02/2011
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Interest Rate Reduction Act [HB-336]
[Finance ]
[Consumer Protection ]
Interest Rate Reduction Act - Amends the Truth in Lending Act to prohibit the annual percentage rate of interest (APR) applicable to any extension of credit to a consumer from exceeding 15% on unpaid balances, inclusive of all finance charges. Authorizes the Board of Governors of the Federal Reserve System to establish an APR ceiling exceeding the 15% annual rate for periods not to exceed 18 months, upon a determination that: (1) money market interest rates have risen over the preceding six-month period; and (2) prevailing interest rate levels threaten
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Sponsored by: Rep. Raul M. Grijalva
Referred To The Subcommittee On Financial Institutions And Consumer Credit. on 03/23/2011
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Savings Enhancement by Alleviating Leakage in 401(k) Savings Act of 2011 [HB-3287]
[Labor, Jobs, Employment ]
[Taxes ]
[Retirement ]
[Unemployment ]
Savings Enhancement by Alleviating Leakage in 401(k) Savings Act of 2011 or the SEAL 401(k) Savings Act - Amends the Internal Revenue Code, with respect to loans made from a qualified employer plan, to extend the period for repayment of loans if a plan terminates or a plan participant becomes unemployed. Requires the Secretary of the Treasury to modify regulations governing hardship distributions from qualified employer plans to allow participants to make additional contributions to a plan during the six month period following a hardship distribution.
Sponsored by: Rep. John Lewis
Referred To The House Committee On Ways And Means. on 11/01/2011