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- S.3632
S.3632: FAIR Act
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about congress
- Introduced Sept. 26, 2008
- Latest Major Action Sept. 26, 2008
Bill Sponsor
Bill Summary
Fostering American Independence from Regressive and Abusive Credit Transactions Act of 2008 or the FAIR Act - Amends the Truth in Lending Act to prescribe a maximum annual percentage rate (APR) of 36% for any extension of credit to a consumer. Prohibits a creditor from: (1) cashing or advancing money for a post-dated check in exchange for a fee or other payment of interest, other than as otherwise authorized for the payment of a preexisting...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
|
| Sept. 26, 2008 |
Introduced in the Senate by Robert Menendez (D-N.J.) |