H.R.4018: Consumer Protection and Choice Act

About This Bill

  • Introduced Nov. 16, 2015
  • Latest Major Action Nov. 16, 2015

Bill Sponsor

Bill Summary

Consumer Protection and Choice Act This bill amends the Truth in Lending Act to prohibit a deferred presentment transaction except as provided under this Act. A "deferred presentment transaction" is one in which currency or other payment is provided to a consumer in exchange for a consumer's check or other payment instrument and an agreement that such check or payment instrument shall be held for a deferment period prior to presentment,...

(Source: Library of Congress)

Bill Actions

Date Description
Nov. 16, 2015
Referred to the House Committee on Financial Services.
Nov. 16, 2015

Introduced in the House by Dennis Ross (R-Fla.)

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