Consumer Credit
US Congress 116th Congress
Interagency Pandemic Guidance for Consumers Act [HB-6378]
[Consumer Protection ]
[Disaster Relief ]
[Finance ]
[Public Health ]
Directs financial regulators to issue interagency guidance regarding consumer debt relief options (e.g., deferment, forbearance, and affordable payment plans) in the event of a major disaster or pandemic. Financial regulators must also test financial institutions' response to a pandemic or major disaster every five years and report the results to Congress.
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Small Business and Consumer Emergency Credit Act [S.3560]
[Consumer Protection ]
[Small Business ]
[Finance ]
[Taxes ]
[Military ]
[Healthcare ]
Applies certain military consumer credit protections to all consumers, tax-exempt charitable organizations, and small businesses for credit extended during the COVID-19 (i.e., coronavirus disease 2019) emergency period. Specifically, the bill caps the interest rate on an extension of consumer credit at 36%.
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US Congress 116th Congress
Small Business and Consumer Debt Collection Emergency Relief Act of 2020 [S.3565]
[Consumer Protection ]
[Small Business ]
[Disaster Relief ]
[Finance ]
[Public Health ]
[Housing ]
[Law Enforcement ]
[Economic Development ]
Places restrictions on the collection of consumer and small business debts during a major disaster or emergency, including during the COVID-19 (i.e., coronavirus disease 2019) emergency period. Among other things, debt collectors may not during such a period enforce a security interest through a repossession or foreclosure, commence or continue litigation to collect a debt, terminate utility service, seize assets, commence or continue an eviction, or charge fees or apply a higher interest rate as a result of nonpayment. After such a period, debt
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US Congress 116th Congress
Stop Overdraft Profiteering during COVID–19 Emergency Act of 2020 [S.3566]
[Consumer Protection ]
[Finance ]
[Disaster Relief ]
[Public Health ]
Suspends, during a major disaster or emergency declaration and for 120 days after the end of the incident period, certain penalties applicable to consumer transaction accounts. During such a period, depository institutions are prohibited from charging checking-account penalties (i.e., non-sufficient fund fees and overdraft coverage fees), or reporting a consumer's overdraft use to a credit reporting agency.
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US Congress 116th Congress
Disaster Protection for Workers’ Credit Act of 2020 [S.3508]
[Consumer Protection ]
[Disaster Relief ]
[Finance ]
[Public Health ]
[Small Business ]
[Economic Development ]
Generally provides credit protections to consumers during the COVID-19 (i.e., coronavirus disease 2019) outbreak and other major disasters. The bill prohibits furnishers of credit information from reporting adverse credit information that is the result of any inaction or action that occurred during the COVID-19 outbreak. It also prohibits any such reporting regarding a consumer who resides in an area covered by a major disaster declaration. Credit reporting agencies are prohibited from including in a credit report any such adverse credit information.
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US Congress 116th Congress
Coronavirus Guidance for Financial Institutions Act [HB-6265]
[Finance ]
[Healthcare ]
[Consumer Protection ]
[Public Health ]
[Funding ]
[Small Business ]
[Economic Development ]
Directs the Federal Reserve Board, the Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration to report on the effectiveness of the joint release issued by federal and state financial regulators on March 9, 2020, encouraging financial institutions to meet the needs of customers affected by the coronavirus (i.e., the virus that causes COVID-19).
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US Congress 116th Congress
Touchless Transactions Act of 2020 [HB-6241]
[Technology and Innovation ]
[Consumer Protection ]
[Finance ]
Prohibits an issuer of an electronic fund transfer from requiring an individual's signature for a point-of-sale transfer that is initiated by a swipe, dip, or tap transaction.
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US Congress 116th Congress
Consumer Financial Protection Commission Act [HB-6116]
[Consumer Protection ]
[Finance ]
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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US Congress 116th Congress
Consumer Financial Education and Empowerment Act [HB-6012]
[Consumer Protection ]
[Finance ]
[Student Loans ]
[Small Business ]
[Retirement ]
[Education ]
[Grants ]
Establishes within the Consumer Financial Protection Bureau a program to award grants to certain nonprofit organizations, state governments, and local governments for financial literacy programs. Programs eligible for grants may include education regarding credit, student loan debt, homeownership, investments, retirement, or starting a business.
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Utah 2020 General Session
✔
Credit Reporting Notification Amendments [HB-412]
[Consumer Protection ]
[Finance ]
[Data Privacy ]
Credit Reporting Notification Amendments
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Utah 2020 General Session
Use of Credit Information Amendments [HB-352]
[Consumer Protection ]
[Finance ]
Use of Credit Information Amendments
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US Congress 116th Congress
Data Protection Act of 2020 [S.3300]
[Consumer Protection ]
[Technology and Innovation ]
[Data Privacy ]
[Cybersecurity ]
[Artificial Intelligence ]
[Law Enforcement ]
[Public Safety ]
Establishes in the executive branch an independent Data Protection Agency (DPA) to regulate the processing of personal data. The DPA shall seek to protect individuals' privacy and limit the collection, disclosure, processing, and misuse of individuals' personal data by a covered entity (i.e., a person that collects, processes, or otherwise obtains personal data other than an individual processing personal data in the course of personal or household activity). The DPA must examine and oversee high-risk data practices, which include a systematic or
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Utah 2020 General Session
✔
Consumer Lending Amendments [HB-319]
[Consumer Protection ]
[Finance ]
Consumer Lending Amendments
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US Congress 116th Congress
To amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads, and for other purposes. [HB-5720]
[Consumer Protection ]
[Finance ]
[Housing ]
[Real Estate ]
[Data Privacy ]
Prohibits credit reporting agencies from providing a credit report not initiated by a consumer if the report is being provided on the basis that the consumer has had a credit inquiry regarding a home mortgage loan. This practice, known as producing a trigger lead, provides notice to other mortgage lenders that the consumer is seeking a mortgage loan.
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US Congress 116th Congress
Fair Credit Reporting for Servicemembers Act [HB-5677]
[Consumer Protection ]
[Military ]
[Veterans ]
Revises consumer credit protections for servicemembers. Among other things, the bill (1) extends consumer credit protections to certain active duty uniformed consumers in a combat zone or aboard a U.S. vessel, and (2) prohibits the inclusion on a consumer report of adverse credit information that occurred while a uniformed consumer was engaged in that type of active duty. The bill also adds to those groups covered by specified active duty credit protections individuals in the commissioned corps of the National Oceanic and Atmospheric Administration
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Maine 129th Legislature
An Act To Increase the Efficiency of Certain Consumer Credit Protection Laws [SB-1767]
[Consumer Protection ]
[Finance ]
An Act To Increase the Efficiency of Certain Consumer Credit Protection Laws
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US Congress 116th Congress
Improving Credit Reporting for All Consumers Act [HB-3642]
[Consumer Protection ]
[Finance ]
[Data Privacy ]
Generally modifies requirements related to consumer credit reporting. Specifically, it revises the dispute process for consumers challenging information contained on their credit report, establishes an appeals process for disputed information, and establishes the right to injunctive relief. The bill also requires additional disclosures from credit reporting agencies and furnishers of credit information, prohibits automatic renewals for promotional consumer credit products and services, and makes other related changes. Additionally, the bill directs
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US Congress 116th Congress
Unsolicited Loan Act of 2019 [S.3036]
[Consumer Protection ]
[Finance ]
Prohibits a lender from providing an unsolicited loan check or similar instrument to a consumer. Additionally, a consumer is not liable for any debt incurred from such an instrument.
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US Congress 116th Congress
Protecting Your Credit Score Act of 2020 [HB-5332]
[Consumer Protection ]
[Data Privacy ]
[Technology and Innovation ]
[Cybersecurity ]
[Finance ]
Revises provisions related to consumer credit reports and credit reporting agencies. (Sec. 2) Credit reporting agencies are directed to create a central online portal that allows consumers to (1) access free credit reports and credit scores, (2) dispute errors, and (3) place or lift security freezes. (Sec. 3) Credit reporting agencies must verify specified identifying information when adding credit information to a consumer's file. Credit reporting agencies must also perform periodic audits of credit reports to ensure accuracy. (Sec. 4) A credit
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US Congress 116th Congress
Consumer Protection for Medical Debt Collections Act [HB-5330]
[Consumer Protection ]
[Healthcare ]
[Finance ]
Restricts the inclusion of medical debt on a consumer credit report. A consumer reporting agency is prohibited from including on a consumer credit report, and a person is prohibited from reporting to such agency (1) medical debt arising from a medically necessary procedure, or (2) other medical debt less than a year old. A person reporting medical debt to a consumer reporting agency must first provide notice to that consumer regarding the restrictions on including medical debt on credit reports. Furthermore, a debt collector is prohibited from collecting
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