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- H.R.3760
H.R.3760: Protecting Consumers from Unreasonable Credit Rates Act of 2017
About This Bill
- Introduced Sept. 13, 2017
- Latest Major Action Sept. 13, 2017
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
22 (All Democrats)
Bill Version
- Introduced in House - Sept. 13, 2017
Bill Summary
Protecting Consumers from Unreasonable Credit Rates Act of 2017 This bill 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%. The bill also sets forth criminal penalties for violations and empowers state Attorneys General to enforce the bill. Credit card billing statements must include the fee and...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Sept. 13, 2017 |
Referred to the House Committee on Financial Services.
|
Sept. 13, 2017 |
Introduced in the House by Matt Cartwright (D-Pa.) |