Amendment requires the commissioner to research how language barriers can lead to unfair and abusive lending practices and to report to the full Commission on ways to protect consumers from such unfair and deceptive practices.

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Amendment Number
693
Description
Amendment requires the commissioner to research how language barriers can lead to unfair and abusive lending practices and to report to the full Commission on ways to protect consumers from such unfair and deceptive practices.
Purpose
An amendment numbered 8 printed in House Report 112-172 to give additional responsibility to the Commissioner responsible for oversight of the Bureau's activities pertaining to the protection of older consumers, minorities, youth, and veterans. The commissioner would be required to research how language barriers can lead to unfair and abusive lending practices, and report to full Commission ways to protect consumers from these unfair and deceptive practices.
Congress
112
Type
HAMDT
Latest Action Date
Jul 21, 2011
Latest Action Text
On agreeing to the Chu amendment (A008) Agreed to by voice vote.
Latest Action Time
17:36:21
Submitted Date
Jul 21, 2011
Chamber
House of Representatives
Update Date
Feb 3, 2022
Amendment 693 — Informed