Consumer Credit
US Congress 114th Congress
Tax Refund Protection Act of 2015 [S.935]
Tax Refund Protection Act of 2015 This bill amends the Internal Revenue Code to direct the Department of the Treasury to establish a program to license or certify and regulate tax return preparers. The program must: (1) require that the tax return preparer demonstrate good character, good reputation, necessary qualifications to enable the preparer to provide valuable service as a tax return preparer, and competency; (2) require preparers to make certain disclosures relating to fees charged for tax preparation and the average amount of time expected
(continued...)
Spread the world
Gettr US Congress 114th Congress
Servicemember and Veteran Protection Act of 2015 [S.895]
Servicemember and Veteran Protection Act of 2015 Amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow members of the Armed Forces and National Guard to defer payments of principal on their Federal Family Education Loans, William D. Ford Federal Direct Loans, and Federal Perkins Loans for the period (up to 180 days) beginning on the date they receive a call or order to duty in connection with a war, military operation, or national emergency and ending on their first day of service. (Currently, the payment of principal
(continued...)
Spread the world
US Congress 114th Congress
Financial Takeover Repeal Act of 2015 [S.89]
Financial Takeover Repeal Act of 2015 Repeals the Dodd-Frank Wall Street Reform and Consumer Protection Act. Revives or restores the provisions of law amended by such Act as if it had not been enacted.
Spread the world
US Congress 114th Congress
HELP Rural Communities Act of 2015 Helping Expand Lending Practices in Rural Communities Act of 2015 [S.871]
HELP Rural Communities Act of 2015 Helping Expand Lending Practices in Rural Communities Act of 2015 Directs the Consumer Financial Protection Bureau (CFPB) to establish an application process under which a person who lives or does business in a state may apply to have an area in the state identified as a rural area if it has not yet been so designated by the CFPB for purposes of federal consumer financial law. Prescribes criteria for the CFPB to consider when evaluating the application. States that if, at any time before submission of an application,
(continued...)
Spread the world
US Congress 114th Congress
Student Loan Borrower Bill of Rights [S.840]
Student Loan Borrower Bill of Rights Amends the Truth in Lending Act to require postsecondary educational lenders to disclose to borrowers at least 30 days before the first fully amortized payment on their loan is due: certain information concerning the terms of the loan, the date on which the first payment is due, the name of the lender and servicer and certain contact information, and a description of alternative repayment plans. Requires postsecondary educational lenders to disclose to borrowers who become 30 days delinquent on their loan: the
(continued...)
Spread the world
US Congress 114th Congress
Protecting Consumers from Unreasonable Credit Rates Act of 2015 [S.838]
Protecting Consumers from Unreasonable Credit Rates Act of 2015 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 violations 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
(continued...)
Spread the world
US Congress 114th Congress
CLEAR Relief Act of 2015 Community Lending Enhancement and Regulatory Relief Act of 2015 [S.812]
CLEAR Relief Act of 2015 Community Lending Enhancement and Regulatory Relief Act of 2015 Amends the Sarbanes-Oxley Act of 2002 to exempt from its rules regarding management assessment of internal controls the following institutions which, as of the end of the preceding fiscal year, had total consolidated assets of $1 billion or less (adjusted annually according to a certain formula): (1) a bank holding company, (2) a savings and loan holding company, or (3) an insured depository institution. Amends the Truth in Lending Act (TILA) to require the
(continued...)
Spread the world
US Congress 114th Congress
Community Financial Protection Act of 2015 [S.726]
Community Financial Protection Act of 2015 Amends the Consumer Financial Protection Act of 2010 to require the Director of the Consumer Financial Protection Bureau (CFPB) to request reports through the prudential regulator from a person that is either an insured depository institution or an insured credit union with total assets of $10 billion or less (persons). Prohibits the Director from making such requests for an industry-wide report, or for a report pertaining to two or more such persons. Requires the Director, as a prerequisite to making such
(continued...)
Spread the world
US Congress 114th Congress
Commercial Privacy Bill of Rights Act of 2015 Do Not Track Kids Act of 2015 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.547]
Commercial Privacy Bill of Rights Act of 2015 Do Not Track Kids Act of 2015 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. TITLE I--COMMERCIAL PRIVACY Commercial Privacy
(continued...)
Spread the world
US Congress 114th Congress
A bill to close the loophole that allowed the 9/11 hijackers to obtain credit cards from United States banks that financed their terrorist activities, to ensure that illegal immigrants cannot obtain credit cards to evade United States immigration laws, and for other purposes. [S.52]
A bill to close the loophole that allowed the 9/11 hijackers to obtain credit cards from United States banks that financed their terrorist activities, to ensure that illegal immigrants cannot obtain credit cards to evade United States immigration laws, and for other purposes. Authorizes a financial institution, when verifying the identity of a non-U.S. citizen or national who is seeking to open a bank account, to accept only: (1) a Social Security number, (2) a passport number and the country of issuance, (3) an alien identification card number,
(continued...)
Spread the world
US Congress 114th Congress
SONG Act Saving Our Next Generation Act [S.473]
SONG Act Saving Our Next Generation Act Expresses the sense of the Senate that the federal programs most critical to improving child well-being should be fully funded. Establishes the President's Commission on Children. Directs the Secretary of Health and Human Services (HHS) to contract with the Institute of Medicine to study evidence-based best practices and innovations for fostering safe and stable families, including implementing mentoring programs. Requires the Secretary to award grants to eligible entities to implement best practices and innovations
(continued...)
Spread the world
US Congress 114th Congress
Simplifying Access to Student Loan Information Act of 2015 [S.445]
Simplifying Access to Student Loan Information Act of 2015 Amends the Truth in Lending Act to require private educational lenders to submit to the Secretary of Education information regarding each private education loan they make. Requires that such information: (1) be placed in the National Student Loan Data System (System), and (2) allow for the electronic exchange of data between the borrowers of those loans and the System. (The System currently contains information regarding loans made, insured, or guaranteed under the Federal Family Education
(continued...)
Spread the world
US Congress 114th Congress
Security Clearance Accountability, Reform, and Enhancement Act of 2015 [S.434]
Security Clearance Accountability, Reform, and Enhancement Act of 2015 TITLE I--SECURITY CLEARANCE ACCOUNTABILITY, REFORM, AND ENHANCEMENT (Sec. 102) This bill: (1) deems a federal agency employee to be unfit for federal employment if the agency determines that the employee has engaged in misconduct affecting the integrity of a background investigation, including falsification of any information relating to such an investigation (covered misconduct); (2) prohibits an individual who has engaged in covered misconduct from being appointed to or continuing
(continued...)
Spread the world
US Congress 114th Congress
Privacy Notice Modernization Act of 2015 [S.423]
Privacy Notice Modernization Act of 2015 Amends the Gramm-Leach-Bliley Act to exempt from its annual written privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, (2) has not changed its policies and practices with respect to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers, and (3) otherwise provides customers access to such most recent disclosure in electronic or other form permitted
(continued...)
Spread the world
US Congress 114th Congress
SEAL Act Shrinking Emergency Account Losses Act of 2015 [S.324]
SEAL Act Shrinking Emergency Account Losses Act of 2015 Amends the Internal Revenue Code, with respect to loans made from a qualified employer pension plan, to: (1) extend the period for repayment of loans if a plan terminates or a plan participant becomes unemployed, and (2) prohibit plans from allowing the use of credit cards or similar arrangements to access loan amounts. Requires the Secretary of the Treasury to modify regulations governing hardship distributions from qualified employer pension plans to allow participants to make additional
(continued...)
Spread the world
US Congress 114th Congress
WAGE Act Wage and Garnishment Equity Act of 2016 [S.3143]
WAGE Act Wage and Garnishment Equity Act of 2016
Spread the world
US Congress 114th Congress
SAFE Lending Act of 2016 Stopping Abuse and Fraud in Electronic Lending Act of 2016 [S.2760]
SAFE Lending Act of 2016 Stopping Abuse and Fraud in Electronic Lending Act of 2016 This bill amends the Electronic Fund Transfer Act (EFTA) to declare that a remotely created check may only be issued by a person specifically designated in writing by the consumer to the insured depository institution at which the consumer maintains the account from which the check is drawn. A remotely created check is a paper or electronic check that: is not created by the financial institution that holds the customer account from which the check is to be paid;
(continued...)
Spread the world
US Congress 114th Congress
Elder Protection and Abuse Prevention Act [S.2747]
Elder Protection and Abuse Prevention Act This bill amends the Older Americans Act of 1965 to direct the Administration on Aging of the Department of Health and Human Services to: (1) ensure that all programs funded under such Act include appropriate training in elder abuse prevention and services addressing elder justice and exploitation; and (2) update periodically the need for such training related to prevention of abuse, neglect, and exploitation (including financial exploitation) of older adults. The Administration has a duty and function to:
(continued...)
Spread the world
US Congress 114th Congress
SCRA Enhancement and Improvement Act of 2016 [S.2719]
SCRA Enhancement and Improvement Act of 2016 This bill amends the Servicemembers Civil Relief Act (SCRA) to require servicers of federally issued or guaranteed student loans to use the Defense Manpower Data Center to monitor the duty status of service member borrowers. A servicer shall notify: (1) the Department of Education, the Consumer Financial Protection Bureau (CFPB), and the service member prior to selling or transferring such loan to another servicer; and (2) a service member regarding any denied SCRA benefit or protection, including an
(continued...)
Spread the world
US Congress 114th Congress
Reforming CFPB Indirect Auto Financing Guidance Act [S.2663]
Reforming CFPB Indirect Auto Financing Guidance Act This bill declares without force or effect Consumer Financial Protection Bureau (CFPB) Bulletin 2013-02 (Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act), published March 21, 2013. The Consumer Financial Protection Act of 2010 is amended to direct the CFPB, when proposing and issuing guidance primarily related to indirect auto financing, to: provide for a public notice and comment period before issuing the guidance in final form; make publicly available all information
(continued...)