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- H.R.1846
H.R.1846: C.L.E.A.R. Act
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about finance and financial sector
- Introduced April 1, 2009
- Latest Major Action April 1, 2009
Bill Sponsor
Bill Cosponsors
11 (11 Democrats, 1 Republican)
Bill Summary
Consumer Lending Education And Reform Act or the C.L.E.A.R. Act - Amends the Truth in Lending Act to limit the interest, fees and charges that a payday lender may require a consumer to pay with respect to an original payday loan and a refinanced payday loan. Prohibits a payday lender from: (1) requiring a consumer to pay an origination fee for a payday loan that is refinanced; or (2) making or refinancing a payday loan unless the creditor has...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Financial Services.
|
|
| April 1, 2009 |
Introduced in the House by Joe Baca (D-Calif.) |