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- S.1642
S.1642: Protecting Consumers' Access to Credit Act of 2017
About This Bill
- Introduced July 27, 2017
- Latest Major Action July 27, 2017
Bill Sponsor
Bill Cosponsors
4 (1 Democrat, 3 Republicans)
Bill Version
- Introduced in Senate - July 27, 2017
Bill Summary
Protecting Consumers' Access to Credit Act of 2017 This bill amends the Revised Statutes, the Home Owners' Loan Act, the Federal Credit Union Act, 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.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 27, 2017 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| July 27, 2017 |
Introduced in the Senate by Mark Warner (D-Va.) |