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- S.838
S.838: Protecting Consumers from Unreasonable Credit Rates Act of 2015
About This Bill
- Introduced March 23, 2015
- Latest Major Action March 23, 2015
- See the eight similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
6 (All Democrats)
Bill Summary
Protecting Consumers from Unreasonable Credit Rates Act of 2015 Amends the Truth in Lending Act to prohibit a creditor from extending credit to a consumer under an open end consumer credit plan (credit card) for which the fee and interest rate exceeds 36%. Sets forth criminal penalties for violations of this Act. Empowers state Attorneys General to enforce this Act. Revises requirements for a periodic statement for each billing cycle with...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
March 23, 2015 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S1710-1711)
|
March 23, 2015 |
Introduced in the Senate by Richard J. Durbin (D-Ill.) |