Consumer Credit
US Congress 116th Congress
Fair Lending for All Act [HB-166]
Modifies provisions related to prohibited credit discrimination. The bill adds sexual orientation, gender identity, and an applicant's location based on zip code or census tract as classes protected against discrimination with respect to credit transactions. (Currently, discrimination is prohibited on the basis of race, color, religion, national origin, sex, marital status, age, or because an applicant receives public assistance.) The bill establishes criminal penalties for violations of prohibited credit discrimination. The Consumer Financial Protection
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Sponsored by: Rep. Al Green
Introduced In House on 01/03/2019
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Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act [HB-123]
Reauthorizes a pilot program for an alternative credit rating system for use by mortgage lenders. Specifically, the program provides credit information about borrowers who have insufficient credit histories for purposes of determining their creditworthiness for mortgages insured by the Federal Housing Administration.
Sponsored by: Rep. Al Green
Reported (amended) By The Committee On Financial Services. H. Rept. 116-663. on 12/17/2020
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Consolidated Appropriations Act, 2019 [HB-21]
Provides FY2019 appropriations for several federal departments and agencies. It includes 6 of the 12 regular FY2019 appropriations bills: the Department of the Interior, Environment, and Related Agencies Appropriations Act, 2019; the Financial Services and General Government Appropriations Act, 2019; the Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2019; the Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2019; the Commerce, Justice, Science, and Related
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Sponsored by: Rep. Nita Lowey
Read The Second Time. Placed On Senate Legislative Calendar Under General Orders. Calendar No. 5. on 01/08/2019
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Taxpayer First Act of 2018 [HB-7227]
Taxpayer First Act of 2018
Sponsored by: Rep. John Lewis
Received In The Senate. on 12/20/2018
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GUIDE Compliance Act Give Useful Information to Define Effective Compliance Act [S.3443]
GUIDE Compliance Act Give Useful Information to Define Effective Compliance Act This bill amends the Consumer Financial Protection Act of 2010 to require certain procedures for guidance issued by the Consumer Financial Protection Bureau.
Sponsored by: Sen. Orrin Hatch
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 09/17/2018
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Commercial Privacy Bill of Rights Act of 2017 Do Not Track Kids Act of 2017 Official Titles Official Titles - House of Representatives Official Title as Introduced To establish a regulatory framework for the comprehensive protection of personal data for individuals under the aegis of the Federal Trade Commission, to amend the Children's Online Privacy Protection Act of 1998 to improve provisions relating to collection, use, and disclosure of personal information of children, and for other purposes. [HB-4543]
Commercial Privacy Bill of Rights Act of 2017 Do Not Track Kids Act of 2017 Official Titles Official Titles - House of Representatives Official Title as Introduced To establish a regulatory framework for the comprehensive protection of personal data for individuals under the aegis of the Federal Trade Commission, to amend the Children's Online Privacy Protection Act of 1998 to improve provisions relating to collection, use, and disclosure of personal information of children, and for other purposes.
Sponsored by: Rep. Albio Sires
Referred To The Subcommittee On Digital Commerce And Consumer Protection. on 12/08/2017
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Commercial Privacy Bill of Rights Act of 2017 Do Not Track Kids Act of 2017 Official Titles Official Titles - Senate Official Titles as Introduced A bill to establish a regulatory framework for the comprehensive protection of personal data for individuals under the aegis of the Federal Trade Commission, to amend the Children's Online Privacy Protection Act of 1998 to improve provisions relating to collection, use, and disclosure of personal information of children, and for other purposes. [S.2187]
Commercial Privacy Bill of Rights Act of 2017 Do Not Track Kids Act of 2017 Official Titles Official Titles - Senate Official Titles as Introduced A bill to establish a regulatory framework for the comprehensive protection of personal data for individuals under the aegis of the Federal Trade Commission, to amend the Children's Online Privacy Protection Act of 1998 to improve provisions relating to collection, use, and disclosure of personal information of children, and for other purposes.
Sponsored by: Sen. Robert Menendez
Read Twice And Referred To The Committee On Commerce, Science, And Transportation. on 12/04/2017
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Online Credit Card Disclosure Act of 2018 [HB-6531]
Online Credit Card Disclosure Act of 2018 This bill amends the Truth in Lending Act to revise disclosure requirements for an open end consumer credit plan (credit card). Specifically, creditors must include repayment information applicable to the consumer's outstanding credit card balance on an online interface used to make a payment.
Sponsored by: Rep. Henry Johnson
Introduced In House on 07/25/2018
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Consumer Data Protection Act [S.2188]
Consumer Data Protection Act This bill amends the Fair Credit Reporting Act to direct a consumer reporting agency experiencing a data breach to: (1) notify the Federal Trade Commission, the Consumer Financial Protection Bureau (CFPB), other appropriate law enforcement agencies, and affected individuals; (2) provide affected individuals with free credit freezes and credit monitoring services; and (3) establish a consumer assistance unit. The bill also establishes legal enforcement provisions concerning data breaches at consumer reporting agencies.
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Sponsored by: Sen. Robert Menendez
Committee On Banking, Housing, And Urban Affairs. Hearings Held. on 07/12/2018
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Interior, Environment, Financial Services, and General Government Appropriations Act, 2019 [HB-6147]
Interior, Environment, Financial Services, and General Government Appropriations Act, 2019 (Sec. 2) Specifies that, unless this bill expressly provides otherwise, references to "this Act" included in a division refer only to the provisions of that division. (Sec. 3) Specifies the committee reports that apply for the purpose of implementing each division. DIVISION A--DEPARTMENT OF THE INTERIOR, ENVIRONMENT, AND RELATED AGENCIES APPROPRIATIONS ACT, 2019 Department of the Interior, Environment, and Related Agencies Appropriations Act, 2019 This division
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Sponsored by: Rep. Ken Calvert
Message On Senate Action Sent To The House. on 09/07/2018
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Military Families Credit Reporting Act of 2017 [S.2181]
Military Families Credit Reporting Act of 2017 This bill amends the Fair Credit Reporting Act to: (1) allow a consumer to provide proof to a consumer reporting agency that an adverse credit report item occurred while on active duty, and (2) require a consumer reporting agency to provide an active duty military consumer's relevant active duty status on adverse credit report items. The Consumer Financial Protection Bureau is required to publish a model form that allows a consumer to: (1) notify a consumer reporting agency that the consumer is an active
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Sponsored by: Sen. Cory Booker
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 11/30/2017
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Consumer Data Protection Act [HB-4544]
Consumer Data Protection Act This bill amends the Fair Credit Reporting Act to direct a consumer reporting agency experiencing a data breach to: (1) notify the Federal Trade Commission, the Consumer Financial Protection Bureau (CFPB), other appropriate law enforcement agencies, and affected individuals; (2) provide affected individuals with free credit freezes and credit monitoring services; and (3) establish a consumer assistance unit. The bill also establishes legal enforcement provisions concerning data breaches at consumer reporting agencies.
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Sponsored by: Rep. Albio Sires
Introduced In House on 12/04/2017
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Credit Access and Inclusion Act of 2018 [S.3040]
Credit Access and Inclusion Act of 2018 This bill amends the Fair Credit Reporting Act to allow the reporting of certain positive consumer-credit information to consumer reporting agencies. Specifically, a person or the Department of Housing and Urban Development may report information related to a consumer's performance in making payments either under a lease agreement for a dwelling or pursuant to a contract for a utility or telecommunications service. However, information about a consumer's usage of any utility or telecommunications service may
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Sponsored by: Sen. Angus King
Committee On Banking, Housing, And Urban Affairs. Hearings Held. on 07/12/2018
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PROTECT Act of 2017 Promoting Responsible Oversight of Transactions and Examinations of Credit Technology Act of 2017 [HB-4028]
PROTECT Act of 2017 Promoting Responsible Oversight of Transactions and Examinations of Credit Technology Act of 2017 This bill amends the Federal Financial Institutions Examination Council Act of 1978 to require supervision and examination of large consumer reporting agencies regarding cybersecurity measures. The bill amends the Fair Credit Reporting Act to allow consumers to request a consumer reporting agency to place a security freeze on their reports. The bill includes provisions for fees and exceptions from such fees. Consumer reporting agencies
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Sponsored by: Rep. John Faso
Introduced In House on 10/12/2017
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Community Institution Mortgage Relief Act of 2017 [HB-3971]
Community Institution Mortgage Relief Act of 2017 (Sec. 2) This bill amends the Truth in Lending Act to create a safe harbor from requirements for an escrow or impound account for the payment of taxes and hazard insurance in the case of mortgage loans made by a creditor with consolidated assets of $10 billion or less that holds the loan on its balance sheet for three years after its origination. A creditor shall be deemed to have complied with the three-year balance sheet requirement if it transfers a loan by reason of its bankruptcy or failure,
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Sponsored by: Rep. David Loebsack
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 12/13/2017
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Protecting Consumers from Unreasonable Credit Rates Act of 2017 [HB-3760]
Protecting Consumers from Unreasonable Credit Rates Act of 2017 This bill 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%. The bill also sets forth criminal penalties for violations and empowers state Attorneys General to enforce the bill. Credit card billing statements must include the fee and interest rate, displayed as "FAIR," instead of the total finance charge expressed as an annual percentage rate
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Sponsored by: Rep. Raul Grijalva
Introduced In House on 09/13/2017
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Small Business Credit Card Act of 2018 [HB-5660]
Small Business Credit Card Act of 2018 This bill amends the Truth in Lending Act to extend to qualified small businesses credit card protections currently provided to consumers, including limitations and disclosures regarding fees and interest rates. The bill defines "qualified small business" as any business concern having 50 or fewer employees, whether or not: (1) the credit card account is in the name of an individual or a business entity, and (2) any credit transaction involving such account is for business or personal purposes. A qualified
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Sponsored by: Rep. Nita Lowey
Introduced In House on 04/27/2018
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GUIDE Compliance Act Give Useful Information to Define Effective Compliance Act [HB-5534]
GUIDE Compliance Act Give Useful Information to Define Effective Compliance Act This bill amends the Consumer Financial Protection Act of 2010 to require certain procedures for guidance issued by the Consumer Financial Protection Bureau.
Sponsored by: Rep. David Scott
Reported (amended) By The Committee On Financial Services. H. Rept. 115-1095. on 12/21/2018
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Comprehensive Consumer Credit Reporting Reform Act of 2017 [HB-3755]
Comprehensive Consumer Credit Reporting Reform Act of 2017 This bill amends the Fair Credit Reporting Act to revise requirements for disputes regarding consumer credit information reported by a consumer reporting agency (CRA). The bill prescribes requirements for: record maintenance by furnishers of credit information, CRA action when notified of inaccurate or incomplete information from furnishers, and injunctive relief for consumers in the event of noncompliance. The bill limits the circumstances in which a CRA may furnish a consumer report for
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Sponsored by: Rep. Barbara Lee
Introduced In House on 09/13/2017
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Improving Access to Traditional Banking Act of 2018 [HB-4764]
Improving Access to Traditional Banking Act of 2018 This bill amends the Consumer Financial Protection Act of 2010 to establish in the Consumer Financial Protection Bureau the Office for Under-Banked and Un-Banked Consumers. The office must, in part: (1) report on impeding factors for individuals and families that do not participate in the banking system, and (2) develop strategies to increase such participation.
Sponsored by: Rep. David Scott
Introduced In House on 01/10/2018