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- S.1205
S.1205: Protections in Consumer Lending Act
About This Bill
- Introduced April 11, 2019
- Latest Major Action April 11, 2019
Bill Sponsor
Bill Cosponsors
3 (All Democrats)
Bill Version
- Introduced in Senate - April 11, 2019
Bill Summary
Protections in Consumer Lending Act This bill requires creditors to collect specified demographic information regarding applicants for certain credit transactions (e.g., automobile loans, credit cards, and payday loans) and the outcomes of these applications. The creditor must report this information to the Consumer Financial Protection Bureau (CFPB). The CFPB must use this information to determine whether a creditor is engaging in...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| April 11, 2019 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| April 11, 2019 |
Introduced in the Senate by Kirsten E. Gillibrand (D-N.Y.) |