Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- S.257
S.257: Consumer Credit Fairness Act
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about finance and financial sector
- Introduced Jan. 15, 2009
- Latest Major Action Jan. 15, 2009
Bill Sponsor
Bill Cosponsors
3 (3 Democrats, 1 Independent Democrat)
Bill Summary
Consumer Credit Fairness Act - Amends federal bankruptcy law to require the bankruptcy court to disallow any claim arising from a high cost consumer credit transaction. Defines "high cost consumer credit transaction" as an extension of credit by a creditor resulting in a consumer debt with an applicable annual percentage rate (APR), including related costs and fees, that exceeds, at any time while the credit is outstanding, the lesser of: (1)...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on the Judiciary.
|
|
| Jan. 15, 2009 |
Introduced in the Senate by Sheldon Whitehouse (D-R.I.) |