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- S.3287
S.3287: Protecting Consumers from Unreasonable Credit Rates Act of 2008
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about law
- Introduced July 17, 2008
- Latest Major Action July 17, 2008
- See the eight similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Summary
Protecting Consumers from Unreasonable Credit Rates Act of 2008 - Amends the Truth in Lending Act to prohibit a creditor from making an extension of credit to a consumer with respect to which the annual percentage credit rate (APR) exceeds 36%. Includes within such APR all charges payable directly or indirectly incident to, ancillary to, or as a condition of the extension of credit. States that any payment in violation of this Act is null,...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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| July 17, 2008 |
Introduced in the Senate by Richard J. Durbin (D-Ill.) |