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- H.R.5724
H.R.5724: Protecting Consumers' Access to Credit Act of 2016
About This Bill
- Introduced July 11, 2016
- Latest Major Action July 11, 2016
Bill Sponsor
Bill Summary
Protecting Consumers' Access to Credit Act of 2016 This bill amends the Revised Statutes and the Federal Deposit Insurance Act to state that bank loans that are valid when made as to their maximum rate of interest in accordance with federal law shall remain valid with respect to that rate regardless of whether a bank has subsequently sold or assigned the loan to a third party. (Under these laws, interest may be charged on loans to customers at...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| July 11, 2016 |
Referred to the House Committee on Financial Services.
|
| July 11, 2016 |
Introduced in the House by Patrick T. McHenry (R-N.C.) |