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- H.R.2563
H.R.2563: Payday Lending Reform Act of 2009
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about finance and financial sector
- Introduced May 21, 2009
- Latest Major Action May 21, 2009
Bill Sponsor
Bill Cosponsors
36 (16 Democrats, 21 Republicans)
Bill Summary
Payday Lending Reform Act of 2009 - Amends the Truth in Lending Act to require a creditor to make specified disclosures when making a payday loan to a consumer. Prohibits a creditor from making a payday loan to any consumer unless: (1) specified notices are posted conspicuously in the creditor's public lending area, or, if the loan is made using the Internet, fax or other means, posted conspicuously on the creditor's public internet site...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Financial Services.
|
|
| May 21, 2009 |
Introduced in the House by Heath Shuler (D-N.C.) |