Consumer Credit
US Congress 115th Congress
Small Business Credit Card Act of 2018 [HB-5660]
[Small Business ]
[Consumer Protection ]
[Finance ]
[Labor, Jobs, Employment ]
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 M. 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]
[Consumer Protection ]
[Finance ]
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]
[Consumer Protection ]
[Finance ]
[Data Privacy ]
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]
[Finance ]
[Consumer Protection ]
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
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Data Breach Prevention and Compensation Act of 2018 [S.2289]
[Cybersecurity ]
[Technology and Innovation ]
[Consumer Protection ]
[Data Privacy ]
[Law Enforcement ]
[Public Safety ]
Data Breach Prevention and Compensation Act of 2018 This bill creates the Office of Cybersecurity within the Federal Trade Commission (FTC) that, in part, must: supervise, evaluate, and regulate specified agencies' management of data security; examine agencies annually for compliance with regulations; investigate an agency in the event of a breach covered by the bill or suspected noncompliance with regulations, and report on any findings of such investigation; and coordinate with the National Institute of Standards and Technology and the National
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Sponsored by: Sen. Mark R. Warner
Committee On Banking, Housing, And Urban Affairs. Hearings Held. on 07/12/2018
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Consumer Privacy Protection Act of 2017 [HB-4081]
[Consumer Protection ]
[Cybersecurity ]
[Data Privacy ]
[Law Enforcement ]
[Technology and Innovation ]
[Public Safety ]
[Healthcare ]
[Finance ]
[Criminal Justice ]
[Crime ]
Consumer Privacy Protection Act of 2017 This bill amends the federal criminal code to make it a crime to intentionally and willfully conceal knowledge of a security breach that results in economic harm of at least $1,000 to any individual. It imposes criminal penalties on a violator and authorizes the U.S. Secret Service and the Federal Bureau of Investigation to investigate offenses. The bill authorizes the Department of Justice (DOJ) to file a civil action: (1) to prevent ongoing conduct that damages 100 or more protected computers (e.g., government
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Sponsored by: Rep. Barbara Lee
Referred To The Subcommittee On Crime, Terrorism, Homeland Security, And Investigations. on 11/01/2017
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Control Your Personal Credit Information Act of 2018 [S.2362]
[Consumer Protection ]
[Data Privacy ]
[Finance ]
Control Your Personal Credit Information Act of 2018 This bill amends the Fair Credit Reporting Act to require a consumer's affirmative written consent before a consumer reporting agency may share that consumer's report with third parties for specified purposes. A consumer must provide proper identification when giving this consent. (Currently, this sharing is generally allowed unless a consumer opts out.) If the consumer provides consent, a consumer reporting agency may share information with a third party for: an extension of credit, or the underwriting
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Sponsored by: Sen. Jack Reed
Committee On Banking, Housing, And Urban Affairs. Hearings Held. on 07/12/2018
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Protecting Consumer Information Act of 2018 [HB-5166]
[Technology and Innovation ]
[Cybersecurity ]
[Consumer Protection ]
[Data Privacy ]
Protecting Consumer Information Act of 2018 This bill requires the Federal Trade Commission to review protections of customer information against cyber threats. The bill includes provisions related to investigations, enforcement, and regulations that apply to consumer reporting agencies.
Sponsored by: Rep. Ted Lieu
Referred To The Subcommittee On Digital Commerce And Consumer Protection. on 03/09/2018
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Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to "Payday, Vehicle Title, and Certain High-Cost Installment Loans". [HJR-122]
[Consumer Protection ]
[Finance ]
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to "Payday, Vehicle Title, and Certain High-Cost Installment Loans". This joint resolution nullifies the rule finalized by the Consumer Financial Protection Bureau on November 17, 2017, regarding payday, vehicle title, and other high-cost installment loans.
Sponsored by: Rep. Andy Biggs
Introduced In House on 12/01/2017
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21st Century IRS Act [HB-5445]
[Cybersecurity ]
[Taxes ]
[Technology and Innovation ]
[Consumer Protection ]
[Data Privacy ]
[Funding ]
[Law Enforcement ]
21st Century IRS Act This bill amends the Internal Revenue Code to establish requirements for the Internal Revenue Service (IRS) regarding cybersecurity, the protection of taxpayer identities, information technology, and electronic systems. With respect to cybersecurity and identity protection, the bill: requires the IRS to work with the public and private sectors to protect taxpayers from identity theft refund fraud, requires the Electronic Tax Administration Advisory Committee to make recommendations to prevent identity theft and refund fraud,
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Sponsored by: Rep. John Lewis
Considered Under The Provisions Of Rule H. Res. 831. (consideration: Cr H3422-3428) on 04/18/2018
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Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to "Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act". [HJR-132]
[Consumer Protection ]
[Finance ]
[Transportation and Motor Vehicles ]
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to "Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act". This joint resolution nullifies the rule submitted by the Consumer Financial Protection Bureau and printed in the Congressional Record on December 6, 2017, relating to indirect auto lending and compliance with the Equal Credit Opportunity Act. The rule provides guidance for compliance with fair lending
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Sponsored by: Rep. Barbara Comstock
Introduced In House on 04/10/2018
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PARITY Act of 2018 Preserving Access to Rural Installment Transactions for Years Act of 2018 [HB-5287]
[Finance ]
[Real Estate ]
[Housing ]
[Consumer Protection ]
PARITY Act of 2018 Preserving Access to Rural Installment Transactions for Years Act of 2018 This bill amends the Truth in Lending Act to revise the definition of a mortgage originator for the purposes of compliance with registration, compensation, and other requirements under that Act.
Sponsored by: Rep. Denny Heck
Introduced In House on 03/14/2018
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A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act". [SJR-57]
[Consumer Protection ]
[Finance ]
[Law Enforcement ]
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act". This joint resolution nullifies the rule submitted by the Consumer Financial Protection Bureau and printed in the Congressional Record on December 6, 2017, relating to indirect auto lending and compliance with the Equal Credit Opportunity Act. The rule provides guidance for compliance with
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Sponsored by: Sen. Shelley Moore Capito
Became Public Law No: 115-172. on 05/21/2018
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A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Payday, Vehicle, Title, and Certain High-Cost Installment Loans". [SJR-56]
[Consumer Protection ]
[Finance ]
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Payday, Vehicle, Title, and Certain High-Cost Installment Loans". This joint resolution nullifies the rule finalized by the Consumer Financial Protection Bureau on November 17, 2017, regarding payday, vehicle title, and other high-cost installment loans.
Sponsored by: Sen. Ted Cruz
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 03/22/2018
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US Congress 115th Congress
✔
Economic Growth, Regulatory Relief, and Consumer Protection Act [S.2155]
[Consumer Protection ]
[Finance ]
[Real Estate ]
[Housing ]
[Insurance ]
[Cybersecurity ]
[Veterans ]
[Senior Citizens ]
[Student Loans ]
[Economic Development ]
[Investments ]
Economic Growth, Regulatory Relief, and Consumer Protection Act TITLE I--IMPROVING CONSUMER ACCESS TO MORTGAGE CREDIT (Sec. 101) This bill amends the Truth in Lending Act (TILA) to allow a depository institution or credit union with assets below a specified threshold to forgo certain ability-to-pay requirements regarding residential mortgage loans. Specifically, those requirements are waived if a loan: (1) is originated by and retained by the institution, (2) complies with requirements regarding prepayment penalties and points and fees, and (3)
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Sponsored by: Sen. Angus S. King
Presented To President. on 05/24/2018
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Practice of Law Technical Clarification Act of 2017 [HB-4550]
[Consumer Protection ]
[Law Enforcement ]
[Finance ]
Practice of Law Technical Clarification Act of 2017 This bill amends the Fair Debt Collection Practices Act to exclude from the definition of "debt collector" any law firm or licensed attorney: (1) serving, filing, or conveying formal legal pleadings, discovery requests, or other documents pursuant to the applicable rules of civil procedure; or (2) communicating in connection with a legal action to collect a debt on behalf of a client in, or at the direction of, a court of law or in the enforcement of a judgment.
Sponsored by: Rep. Alexander Mooney
Introduced In House on 12/05/2017
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Comprehensive Regulatory Review Act [HB-4607]
[Finance ]
[Consumer Protection ]
[Budget and Spending ]
[Small Business ]
[Investments ]
Comprehensive Regulatory Review Act (Sec. 2) This bill amends the Economic Growth and Regulatory Paperwork Reduction Act of 1996 to expand the required comprehensive review of financial regulatory requirements. Specifically, the review must be completed by the Consumer Financial Protection Bureau (CFPB) and the National Credit Union Administration, in addition to (as required under current law) the Federal Financial Institutions Examination Council, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the
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Sponsored by: Sen. Kyrsten Lee Sinema
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 03/07/2018
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SAFE Lending Act of 2018 Stopping Abuse and Fraud in Electronic Lending Act of 2018 [S.2417]
[Consumer Protection ]
[Finance ]
[Small Business ]
[Data Privacy ]
SAFE Lending Act of 2018 Stopping Abuse and Fraud in Electronic Lending Act of 2018 This bill amends the Electronic Fund Transfer Act and the Truth in Lending Act. The bill revises requirements related to consumer financial protection and small-dollar lending, including matters concerning remotely created checks, electronic fund transfers, registration of small-dollar lenders, overdraft fees, and the collection of personal information.
Sponsored by: Sen. Dianne Feinstein
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 02/13/2018
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US Congress 115th Congress
SAFE Lending Act of 2018 Stopping Abuse and Fraud in Electronic Lending Act of 2018 [HB-4999]
[Consumer Protection ]
[Finance ]
[Small Business ]
[Data Privacy ]
SAFE Lending Act of 2018 Stopping Abuse and Fraud in Electronic Lending Act of 2018 This bill amends the Electronic Fund Transfer Act and the Truth in Lending Act. The bill revises requirements related to consumer financial protection and small-dollar lending, including matters concerning remotely created checks, electronic fund transfers, registration of small-dollar lenders, overdraft fees, and the collection of personal information.
Sponsored by: Rep. Raul M. Grijalva
Introduced In House on 02/13/2018
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Equifax Consumer Protection and Data Empowerment Act of 2018 [S.2375]
[Consumer Protection ]
[Data Privacy ]
[Finance ]
Equifax Consumer Protection and Data Empowerment Act of 2018 This bill amends the Fair Credit Reporting Act to revise the consumer protection duties of consumer reporting agencies. Credit reporting agencies must provide a cost-free method for consumers to control the release of their information for certain purposes. The bill limits the purposes for which a consumer reporting agencies may provide a consumer's information to a third party. For example, consumer reporting agencies may not provide consumer information to a third party for a credit
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Sponsored by: Sen. Sherrod Brown
02/05/2018 Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 02/05/2018