Consumer Credit
US Congress 112th Congress
REFRESH Act of 2011 [HB-3111]
Rural Economic Farm and Ranch Sustainability and Hunger Act of 2011 or the REFRESH Act of 2011 - Amends the Food, Conservation, and Energy Act of 2008 to direct the Secretary of Agriculture (USDA), regarding all covered commodities and peanuts during each of the 2013-2017 crop years, to give the operator, tenant, or sharecropper on a farm an opportunity to make an annual election to receive aggregate risk and revenue management (ARRM) payments for the crop year for which the election is made. (Replaces the average crop revenue election program with
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Foster Youth Financial Security Act of 2011 [HB-2953]
Foster Youth Financial Security Act of 2011 - Amends part E (Foster Care and Adoption Assistance) of the Social Security Act, with respect to the John H. Chafee Foster Care Independence Program, to: (1) require states to take certain additional steps to assist children in foster care in making the transition to independent living, such as providing credit reports and helping a child age 14 or older obtain a driver's license; (2) establish individual development accounts and custodial accounts; (3) require state evaluations of specific services provided
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US Congress 112th Congress
Child and Family Services Improvement and Innovation Act [HB-2883]
Child and Family Services Improvement and Innovation Act - Title I: Extension of Child and Family Services Programs - (Sec. 101) Amends title IV part B (Child and Family Services) of the Social Security Act (SSA) to extend through FY2016 the authorization of appropriations for the Stephanie Tubbs Jones Child Welfare Services Program. Requires each state plan for oversight and coordination of health care services for any child in a foster care placement to include an outline of: (1) the monitoring and treatment of emotional trauma associated with
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US Congress 112th Congress
Don't Default on Military Families Act [HB-2654]
Don't Default on Military Families Act - Amends the Servicemembers Civil Relief Act to, during a funding gap affecting the Armed Forces: (1) require a court order to evict a servicemember (or dependents) from a primary residence during a period of the servicemember's military service (currently, such a court order is required only when monthly rent for the residence is below a specified amount); (2) bar subjecting such premises to distress; and (3) prohibit, after a servicemember enters military service, rescinding or terminating a contract for
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To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal the authority of the Bureau of Consumer Financial Protection to prohibit certain acts or practices. [HB-2612]
Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal the authority of the Consumer Financial Protection Bureau (CFPB) to: (1) prohibit unfair, deceptive, or abusive acts or practices in connection with any transaction with a consumer for, or the offering of, a consumer financial product or service; and (2) promulgate regulations to prevent such practices.
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SAFE Data Act [HB-2577]
Secure and Fortify Electronic Data Act or the SAFE Data Act - Requires the Federal Trade Commission (FTC) to promulgate regulations requiring any person engaged in interstate commerce that owns or possesses data containing personal information to establish and implement reasonable security policies and procedures to treat and protect such information. Requires such regulations to include specified policies and procedures, including: (1) a process for identifying and assessing vulnerabilities in the system, and (2) a process for taking preventive
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US Congress 112th Congress
Internet Gambling Prohibition, Poker Consumer Protection, and Strengthening UIGEA Act of 2011 [HB-2366]
Internet Gambling Prohibition, Poker Consumer Protection, and Strengthening UIGEA Act of 2011 - Prohibits a person from (and requires a fine under the federal criminal code, imprisonment up to five years, or both) for operating an Internet gambling facility without a license in good standing issued by a state or tribal agency qualified by the Secretary of Commerce (Secretary). Makes such prohibition inapplicable to facilities operated by persons located outside the United States in which bets or wagers are made by individuals located outside the
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Fair Debt Collection Improvement Act [HB-2361]
Fair Debt Collection Improvement Act - Amends the Fair Debt Collection Practices Act to prohibit a debt collector from bringing, or threatening to bring, legal action against any consumer on a debt in which the statute of limitations has expired. Requires a debt collector, in connection with the collection of debt in which the statute of limitations has expired, to disclose to the consumer that: (1) the debt has been transferred to the debt collector, (2) the creditor no longer holds the debt, (3) the debt collector may not bring legal action against
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Ensuring a Response for Servicemembers Act [HB-2329]
Ensuring a Response for Servicemembers Act - Directs each lending institution subject to specified interest rate requirements under the Servicemembers Civil Relief Act to designate an employee as a compliance officer responsible for ensuring the institution's compliance and distributing information to servicemembers regarding applicable obligations and liabilities. Requires, during any fiscal year, such lending institutions with annual assets of at least $10 billion for the preceding fiscal year to maintain a toll-free telephone number and make
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US Congress 112th Congress
National Guard and Reservist Debt Relief Extension Act of 2011 [HB-2192]
National Guard and Reservist Debt Relief Extension Act of 2011 - Amends the National Guard and Reservists Debt Relief Act of 2008 to exempt for an additional four-year period qualifying Armed Forces reserve component and National Guard members (who, after September 11, 2001, are called to active duty or to perform a homeland defense activity for at least 90 days, and remain eligible for an exemption during the 540-day period following such active duty or homeland defense activity service) from the application of the means-test presumption of abuse
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Medical Debt Responsibility Act of 2011 [HB-2086]
Medical Debt Responsibility Act of 2011 - Amends the Fair Credit Reporting Act to prohibit a consumer reporting agency from making any report containing information related to a single fully paid or settled medical debt of $2,500 or less that had been characterized as delinquent, charged off, or in collection for credit reporting purposes, which, from the date of payment or settlement, antedates the report by more than 45 calendar days.
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To instruct the Inspector General of the Federal Deposit Insurance Corporation to study the impact of insured depository institution failures, and for other purposes. [HB-2056]
(Sec. 1) Directs the Inspector General (IG) of the Federal Deposit Insurance Corporation (FDIC) to study the impact of the failure of insured depository institutions. Prescribes study details, including: (1) the impact of loss-sharing agreements (LSAs) upon the insured depository institutions that survive and the borrowers of those insured depository institutions that fail; (2) FDIC policies and procedures for monitoring LSAs, including those designed to ensure that institutions are not imprudently selling assets at a depressed value; (3) FDIC policies
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FFSCC Charter Act of 2011 [HB-1909]
FFSCC Charter Act of 2011 - Directs the Comptroller of the Currency to: (1) provide for the establishment and chartering of Federal Financial Services and Credit Companies (FFSCCs); and (2) ensure that credit alternatives are available to the underbanked. Prescribes eligibility criteria for an FFSCC charter. Subjects FFSCCs to specified requirements, including: (1) credit disclosures; (2) account access; (3) financial literacy programs; (4) a comprehensive array of financial services to the underbanked, unbanked, and consumers with low credit scores;
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Data Accountability and Trust Act (DATA) of 2011 [HB-1841]
Data Accountability and Trust Act of 2011 - Requires the Federal Trade Commission (FTC) to promulgate regulations requiring each person engaged in interstate commerce that owns or possesses electronic data containing personal information to establish security policies and procedures. Authorizes the FTC to require a standard method or methods for destroying obsolete nonelectronic data. Requires information brokers to submit their security policies to the FTC in conjunction with a security breach notification or on FTC request. Requires the FTC to
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USA PATRIOT Act Sunset Extension Act of 2011 [HB-1805]
USA PATRIOT Act Sunset Extension Act of 2011 - Amends the USA PATRIOT Improvement and Reauthorization Act of 2005 to extend until December 31, 2013, provisions: (1) authorizing roving electronic surveillance of a foreign power or an agent of a foreign power under the Foreign Intelligence Surveillance Act of 1978 (FISA), (2) authorizing the Director of the Federal Bureau of Investigation (FBI) to apply for an order requiring the production of tangible things for foreign intelligence and international terrorism investigations, (3) requiring the Attorney
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Foreclosure Fraud and Homeowner Abuse Prevention Act of 2011 [HB-1783]
Foreclosure Fraud and Homeowner Abuse Prevention Act of 2011 - Amends the Trust Indenture Act of 1939 to include within its purview mortgage-backed securities and their servicers. Imposes upon each servicer of a mortgage-backed security a fiduciary duty, not waivable by an investor, to protect the economic interests of the investors as a whole in an asset-backed security. Provides for removal of an indenture trustee that is a servicer of mortgage-backed securities if at least 50% of the investors petition the court for such removal. Authorizes amendment
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To close the loophole that allowed the 9/11 hijackers to obtain credit cards from United States banks that financed their terrorist activities, to ensure that illegal immigrants cannot obtain credit cards to evade United States immigration laws, and for other purposes. [HB-1763]
Authorizes a financial institution, when verifying the identity of a non-U.S. citizen or national who is seeking to open a bank account, to accept only: (1) a Social Security number, (2) a passport number and the country of issuance, (3) an alien identification card number, or (4) any combination of such items. Prohibits a financial institution, for such verification purposes, from accepting identification documents issued by a foreign government, other than an unexpired passport.
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Data Accountability and Trust Act [HB-1707]
Data Accountability and Trust Act - Requires the Federal Trade Commission (FTC) to promulgate regulations requiring each person engaged in interstate commerce that owns or possesses data containing personal information to establish specified security policies and procedures to treat and protect such information. Requires the regulations to include methods for disposing of both electronic and nonelectronic data. Requires information brokers to submit their security policies to the FTC in conjunction with a notification of a security breach notification
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Bureau of Consumer Financial Protection Transfer Clarification Act [HB-1667]
Bureau of Consumer Financial Protection Transfer Clarification Act - Amends the the Dodd-Frank Wall Street Reform and Consumer Protection Act to require the calendar date for the transfer of certain consumer financial protection functions from specified existing agencies to the Bureau of Consumer Financial Protection (CFPB) to be the later of: (1) the date that would have been designated, but for application of this Act, and (2) the date on which the Director of the Bureau is confirmed by the Senate.
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Consumer Rental Purchase Agreement Act [HB-1588]
Consumer Rental Purchase Agreement Act - (Sec. 3) Amends the Consumer Credit Protection Act to prescribe consumer protection guidelines for rental-purchase transactions, including: (1) the determination of rental-purchase cost and a payment schedule; (2) disclosure requirements; (3) prohibitions against confessions of judgment, wage assignments, waiver of consumer claims or defenses, and other specified kinds of provisions; (4) furnishing of statements of account; (5) point-of-rental disclosures; and (6) clear and conspicuous rental-purchase advertising
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