Consumer Credit
US Congress 111th Congress
Universal Default Prohibition Act of 2009 [HB-1637]
[Consumer Protection ]
[Finance ]
Universal Default Prohibition Act of 2009 - Amends the Truth in Lending Act to prohibit a creditor from: (1) using any adverse information concerning any consumer, including any in a consumer report or any change in the consumer's credit score, as the basis for increasing any annual percentage rate of interest (APR) for a credit card account of the consumer's under an open end consumer credit plan; or (2) removing or increasing any introductory APR for that account, for reasons other than actions or omissions of the consumer directly related to
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IRA Assistance Act of 2009 [HB-1628]
[Finance ]
[Taxes ]
[Retirement ]
IRA Assistance Act of 2009 - Amends the Internal Revenue Code to allow premature distributions from individual retirement accounts (other than Roth IRAs) without penalty to make hardship loans.
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US Congress 111th Congress
Interest Rate Equity Act [HB-1610]
[Finance ]
[Consumer Protection ]
Interest Rate Equity Act or the IRE Act - Amends the Emergency Economic Stabilization Act of 2008 to prohibit any financial institution that receives assistance under the Troubled Asset Relief Program (TARP) from charging its customers more than 18% interest on credit card accounts.
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US Congress 111th Congress
Protecting Consumers from Unreasonable Credit Rates Act of 2009 [HB-1608]
[Consumer Protection ]
[Finance ]
[Crime ]
Protecting Consumers from Unreasonable Credit Rates Act of 2009 - Amends the Truth in Lending Act to prohibit a creditor from extending credit to a consumer under an open end consumer credit plan (credit card) for which the fee and interest rate exceeds 36%. Sets forth criminal penalties for violation of this Act. Empowers state Attorneys General to enforce this Act. Revises requirements for a periodic statement for each billing cycle with respect to where the total finance charge exceeds 50 cents for a monthly or longer billing cycle, or the pro
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US Congress 111th Congress
To amend the Internal Revenue Code of 1986 to allow an above-the-line deduction against individual income tax for interest on indebtedness and for State and local sales and excise taxes with respect to the purchase of certain motor vehicles. [HB-159]
[Taxes ]
[Transportation and Motor Vehicles ]
[Consumer Protection ]
Amends the Internal Revenue Code to allow individual taxpayers a deduction from gross income for: (1) interest paid on indebtedness (up to $49,500) incurred after November 12, 2008, and before January 1, 2010, for the purchase of a motor vehicle (i.e., passenger automobile or light truck) with a gross vehicle weight rating of not more than 8,500 pounds; and (2) state and local sales and excise taxes imposed on the purchase of such a motor vehicle.
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US Congress 111th Congress
Mortgage Credit Repair Act of 2009 [HB-1486]
[Finance ]
[Real Estate ]
[Housing ]
[Consumer Protection ]
[Data Privacy ]
Mortgage Credit Repair Act of 2009 - Amends the Fair Credit Reporting Act to define "front end ratio" as a ratio that indicates what portion of an individual's income is used to make mortgage payments, calculated by dividing an individual's gross monthly income by their housing expenses, particularly the mortgage principal, interest, taxes, and insurance (PITI). Prohibits a consumer reporting agency from making a consumer report containing cases under title 11 or under the Bankruptcy Act that antedate the report by more than three years when certain
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US Congress 111th Congress
To amend the Truth in Lending Act to require a store in which a consumer may apply to open a credit or charge card account to display a sign, at each location where the application may be made, containing the same information required by such Act to be prominently placed in a tabular format on the application. [HB-1365]
[Consumer Protection ]
[Finance ]
Amends the Truth in Lending Act to require any person selling personal property to consumers on a business premises where credit or charge card account applications are made available to display conspicuously a sign that contains the same information required by the Act to be prominently placed in tabular format on the account application itself.
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US Congress 111th Congress
Pharmaceutical Market Access and Drug Safety Act of 2009 [HB-1298]
[Pharmaceuticals ]
[Healthcare ]
[Consumer Protection ]
[Public Health ]
[Trade ]
[Technology and Innovation ]
[Cybersecurity ]
Pharmaceutical Market Access and Drug Safety Act of 2009 - Amends the Federal Food, Drug, and Cosmetic Act (FFDCA) to revise provisions governing the importation of prescription drugs. Waives the limitation on importation of prescription drugs that have been exported from the United States. Prohibits the importation of a qualifying drug unless such drug is imported by: (1) a registered importer; or (2) an individual for personal use. Establishes registration conditions for importers and exporters. Requires the Secretary of Health and Human Services
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US Congress 111th Congress
To amend the Truth in Lending Act to prohibit issuance of residential mortgages to any individual who lacks a Social Security account number. [HB-1268]
[Finance ]
[Housing ]
[Consumer Protection ]
Amends the Truth in Lending Act to prohibit credit from being extended in any consumer credit transaction in which a security interest will be retained or acquired in property located within the United States which will be used as the consumer's principal residence if such consumer lacks a Social Security account number.
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US Congress 111th Congress
Credit Agencies Identity Theft Responsibilities Act of 2009 [HB-123]
[Consumer Protection ]
[Crime ]
[Cybersecurity ]
[Data Privacy ]
[National Security ]
[Public Safety ]
Credit Agencies Identity Theft Responsibilities Act of 2009 - Amends the Fair Credit Reporting Act to require a consumer reporting agency which has reason to suspect identity theft to: (1) report such suspicion to the U.S. Secret Service; and (2) inform the Attorney General for criminal prosecution. Requires the Secret Service to forward such information to either the Federal Bureau of Investigation (FBI) or the Department of Homeland Security (DHS), respectively, if it has reason to believe that a suspected case of identity theft involves any
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US Congress 111th Congress
Payday Loan Reform Act of 2009 [HB-1214]
[Consumer Protection ]
[Finance ]
Payday Loan Reform Act of 2009 - Amends the Truth in Lending Act to require a creditor to make specified disclosures when making a payday loan to a consumer. Prohibits a creditor from making a payday loan to any consumer unless: (1) specified notices are posted conspicuously in English and Spanish in the creditor's public lending area, or, if the loan is made using the Internet, fax or other means, posted conspicuously on the creditor's public internet site relating to any such payday loan; and (2) the creditor offers the consumer an extended repayment
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US Congress 111th Congress
Helping Families Save Their Homes Act of 2009 [HB-1106]
[Finance ]
[Real Estate ]
[Housing ]
[Law Enforcement ]
[Consumer Protection ]
[Veterans ]
[Economic Development ]
[Funding ]
[Grants ]
[Public Safety ]
[Senior Citizens ]
Helping Families Save Their Homes Act of 2009 - Title I: Prevention of Mortgage Foreclosures - Subtitle A: Modification of Residential Mortgages - (Sec. 101) Amends federal bankruptcy law governing a Chapter 13 debtor (adjustment of debts of an individual with regular income) to exclude from the computation of debts the secured or unsecured portions of: (1) debts secured by the debtor's principal residence if the value of the residence is less than the applicable maximum amount of noncontingent, liquidated, secured debts; or (2) debts secured or
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US Congress 116th Congress
Fair Medical Debt Reporting Act [HB-8536]
[Consumer Protection ]
[Healthcare ]
[Data Privacy ]
Prohibits credit reporting agencies from including certain medical debt on a consumer report. Specifically, agencies may not include on a report medical debt that has not been placed for collection, medical debt that was placed for collection within a year prior to the report, or medical debt fully paid or settled within a certain period of time. Before a person provides information regarding a consumer's medical debt to a credit reporting agency, that person must notify the consumer of the restrictions regarding the reporting of medical debt and
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Maine 124th Legislature
An Act To Prohibit Mandatory Binding Arbitration [HB-897]
[Labor, Jobs, Employment ]
[Consumer Protection ]
An Act To Prohibit Mandatory Binding Arbitration
Sponsored by: Rep. Adam A. Goode (s) Pursuant To Joint Rule 310.3 Placed In Legislative Files (dead) on 05/26/2009
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Maine 124th Legislature
An Act To Require Plain Language in Consumer Contracts [HB-813]
[Consumer Protection ]
An Act To Require Plain Language in Consumer Contracts
Sponsored by: Rep. Jeffrey M. Mccabe (s) Pursuant To Joint Rule 310.3 Placed In Legislative Files (dead) on 04/09/2009
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Maine 124th Legislature
An Act To Protect the Privacy of Consumer Financial Information [HB-783]
[Consumer Protection ]
[Data Privacy ]
[Finance ]
An Act To Protect the Privacy of Consumer Financial Information
Sponsored by: Rep. Seth Allan Berry (s) Reports Read on 05/19/2009
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Maine 124th Legislature
An Act To Protect Consumers from Credit Card and Debit Card Holds [HB-446]
[Consumer Protection ]
[Finance ]
An Act To Protect Consumers from Credit Card and Debit Card Holds
Sponsored by: Rep. Terry K. Morrison (s) Reports Read on 04/08/2009
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Maine 124th Legislature
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An Act To Supervise and Regulate Real Estate Settlement Agents and Exchange Facilitators in Order To Protect Consumers [HB-165]
[Real Estate ]
[Consumer Protection ]
An Act To Supervise and Regulate Real Estate Settlement Agents and Exchange Facilitators in Order To Protect Consumers
Sponsored by: Sen. William Diamond (s) Passed To Be Enacted In Concurrence on 04/28/2009
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Maine 124th Legislature
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An Act To Promote Consumer Fairness in Tax Refund Anticipation Loans [HB-1343]
[Consumer Protection ]
[Finance ]
[Taxes ]
An Act To Promote Consumer Fairness in Tax Refund Anticipation Loans
Sponsored by: Rep. Benjamin Marriner Pratt (s) Passed To Be Enacted In Concurrence on 05/27/2009
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Maine 124th Legislature
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An Act To Amend the Laws Governing Licensed Financial Service Providers [HB-1326]
[Finance ]
[Consumer Protection ]
An Act To Amend the Laws Governing Licensed Financial Service Providers
Sponsored by: Rep. Joseph C. Perry (s) Passed To Be Enacted - Emergency -2/3 Elected Required In Concurrence on 05/27/2009