S.255: Empowering States' Right To Protect Consumers Act of 2009

About This Bill

Bill Summary

Empowering States' Right To Protect Consumers Act of 2009 - Amends the Truth In Lending Act to limit the annual percentage rate (APR) applicable to any consumer credit transaction (other than a residential mortgage transaction), including any associated fees, to the maximum rate permitted by the laws of the state in which the consumer resides.

(Source: Library of Congress)

Bill Actions

Date Description
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan. 15, 2009

Introduced in the Senate by Sheldon Whitehouse (D-R.I.)

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