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Searching...- Bills
- H.R.2407
H.R.2407: Payday Borrower Protection Act of 2003
About This Bill
- This bill was introduced in the 108th Congress
- This bill is primarily about law
- Introduced June 10, 2003
- Latest Major Action June 17, 2003
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
21 (20 Democrats, 1 Independent Democrat, 1 Republican)
Bill Summary
Payday Borrower Protection Act of 2003 - Amends the Truth in Lending Act to prohibit the business of making deferred deposit loans (payday loans) in any State unless expressly authorized by State law that meets the requirements of this Act. Amends the Federal Deposit Insurance Act to prohibit insured depository institutions from making: (1) payday loans except in full compliance with State law and at an interest rate no more than the lesser of...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Financial Services.
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Referred to the Subcommittee on Financial Institutions and Consumer Credit.
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| June 10, 2003 |
Introduced in the House by Bobby L. Rush (D-Ill.) |