Consumer Credit
US Congress 116th Congress
RESOURCES Act Re-open Enrollment for Servicemembers to Opt-in to Updated Retirement Choice for Enduring Security Act of 2020 [S.4044]
A bill to improve the provision of financial literacy training and information relating to the Blended Retirement System to members of the Armed Forces, and for other purposes.
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Financial Product Safety Commission Act of 2020 [S.3990]
Removes the Consumer Financial Protection Bureau from the Federal Reserve System, converts the bureau into an independent commission, and modifies its leadership structure. Specifically, the bill eliminates the positions of director and deputy director and establishes a five-person commission appointed by the President and confirmed by the Senate.
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Financial Compensation for CFPB Whistleblowers Act [S.3975]
Requires the Consumer Financial Protection Bureau to provide rewards to whistleblowers who report information relating to a violation of consumer financial law resulting in certain monetary sanctions exceeding $1 million. Specifically, the bureau must award compensation to whistleblowers for 10%-30% of the collected monetary sanctions. In cases where the bureau is unable to collect at least $1 million of the imposed sanctions, the bureau must award any single whistleblower 10% of the amount collected or $50,000, whichever is greater. The bill also
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Veteran Debt Relief During COVID–19 Act of 2020 [S.3887]
Defers certain debts arising from benefits under laws administered by the Department of Veterans Affairs (VA) during the covered period, which is the COVID-19 (i.e., coronavirus disease 2019) emergency period plus the 60 days following the end of such period. Specifically, the bill prohibits the VA from doing the following during the covered period: collecting or recording certain debts, issuing notice of certain debts to a person or consumer reporting agency, allowing any interest to accrue on certain debts, or applying any administrative fee to
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US Congress 116th Congress
Student Loan Debt Relief Act of 2019 [S.2235]
A bill to discharge the qualified loan amounts of each individual, and for other purposes.
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To amend the Fair Credit Reporting Act to make improvements to the regulation of consumer reporting agencies and protect consumers, and for other purposes. [HB-3821]
Revises requirements related to credit reporting agencies and the reporting of adverse credit information. Credit reporting agencies are prohibited from using social security numbers in credit reports and as a method of verifying a consumer's identity. The Consumer Financial Protection Bureau must supervise and examine the cybersecurity of certain credit reporting agencies. The bill prohibits a credit reporting agency from reporting paid, medically-necessary debt if the debt was paid over a year prior. A credit reporting agency is also prohibited
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Homeless Veterans CREDIT Act Homeless Veterans Credit Repair, Enhancement, and Debt Improvement for Tomorrow Act [HB-6990]
To direct the Secretary of Veterans Affairs to conduct a study on the effect of financial and credit counseling for housing unstable veterans.
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Coronavirus E-BD Act of 2020 Coronavirus Emergency Borrower Defense Act of 2020 [S.3745]
Requires the Department of Education (ED) to discharge, within 30 days, the federal student loan debt of three categories of borrowers. Specifically, ED must discharge the federal student loan debt of a borrower (1) who is covered by ED findings against an institution of higher education (IHE) for job placement rate misrepresentation; (2) for whom a state attorney general has asserted a right to borrower defense discharge; or (3) who was subject to a misrepresentation made by the IHE related to guaranteed employment or transferability of credits,
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Public Health Emergency Privacy Act [S.3749]
A bill to protect the privacy of health information during a national health emergency.
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Public Health Emergency Privacy Act [HB-6866]
To protect the privacy of health information during a national health emergency.
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UNITE Act of 2020 Undertaking National Initiatives to Tackle Epidemic Act of 2020 [HB-6853]
Responds to the COVID-19 (i.e., coronavirus disease 2019) public health emergency by increasing volunteer opportunities within AmeriCorps and employment opportunities at the Federal Emergency Management Agency (FEMA), and requiring the re-enrollment of Peace Corps volunteers whose service ended involuntarily on March 15, 2020, or earlier for volunteers who were serving in China and Mongolia. Among other things, the bill reauthorizes through FY2022 AmeriCorps programs; increases recruitment levels of its volunteers to 500,000 in FY2020-FY2022; sets
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Health Force and Resilience Force Act of 2020 [HB-6808]
To provide for the establishment of a Health Force and a Resilience Force to respond to public health emergencies and meet public health needs.
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The Heroes Act [HB-6800]
Responds to the COVID-19 (i.e., coronavirus disease 2019) outbreak and its impact on the economy, public health, state and local governments, individuals, and businesses. Among other things, the bill provides FY2020 emergency supplemental appropriations to federal agencies; provides payments and other assistance to state, local, tribal, and territorial governments; provides additional direct payments of up to $1,200 per individual; expands paid sick days, family and medical leave, unemployment compensation, nutrition and food assistance programs,
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To require residential mortgage servicers receiving certain emergency relief under the CARES Act to provide reports on loan-level data, and for other purposes. [HB-6835]
Requires residential mortgage servicers receiving COVID-19 (i.e., coronavirus disease 2019) economic aid to report monthly on all serviced residential mortgage loans, including information on loan performance and forbearances.
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To amend the CARES Act to provide forbearance and foreclosure moratoriums for all mortgage loans, and for other purposes. [HB-6741]
To amend the CARES Act to provide forbearance and foreclosure moratoriums for all mortgage loans, and for other purposes.
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To prohibit confessions of judgment in connection with the extension of covered credit or creation of covered debt, and for other purposes. [HB-6795]
Prohibits a confession of judgment or similar agreement as a condition to a loan or extension of credit of $2 million or less during the COVID-19 (i.e., coronavirus disease 2019) emergency period and for 120 days following. (A confession of judgment is an agreement to a judgment of liability without notice and opportunity to be heard in court in the event of the default of a borrower.)
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Suspend School Meal Debt Act of 2020 [S.3651]
Prohibits each school food authority and local educational agency participating in the National School Lunch Program or the School Breakfast Program from collecting unpaid school meal fees (including late fees associated with unpaid meals) or using a debt collector to collect such fees during the COVID-19 (i.e., coronavirus disease 2019) public health emergency. The prohibition ends 30 days after the date on which the public health emergency is terminated. Additionally, the Department of Agriculture must reimburse each school food authority and
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UNITE Act of 2020 Undertaking National Initiatives to Tackle Epidemic Act of 2020 [S.3642]
A bill to mobilize individuals in the United States in the fight against coronavirus by expanding volunteer opportunities in AmeriCorps, expanding employment opportunities at the Federal Emergency Management Agency, and utilizing the expertise of Peace Corps volunteer leaders whose service ended on March 15, 2020, and for other purposes.
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Health Force and Resilience Force Act of 2020 [S.3606]
A bill to provide for the establishment of a Health Force and a Resilience Force to respond to public health emergencies and meet public health needs.
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STAY HOME Act of 2020 Subsidizing Tenant Arrears Yet Helping Owners with Mortgages Emergency Act of 2020 [HB-6714]
To provide assistance to pay off rental arrearages of low- and moderate-income households accruing during the public health emergency relating to coronavirus, and for other purposes.