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S. 1565

Military Consumer Protection Act

Military Consumer Protection Act

This bill amends the Consumer Financial Protection Act to extend Consumer Financial Protection Bureau oversight and protection to provisions under the Servicemembers Civil Relief Act concerning:

  • future financial transactions, excluding insurance;
  • default judgments, excluding child custody proceedings;
  • interest rates on pre-service debts;
  • evictions;
  • purchase or lease installment contracts;
  • mortgages and trusts;
  • motor vehicle leases;
  • telephone service contracts; and
  • waiver of rights pursuant to a written agreement, excluding bailments.

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sen. Reed, Jack [D-RI](D-RI)Sponsor
13 cosponsors13 D
13cosponsors1committees2actions2related bills10subjects
  1. IntroReferral

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. IntroReferral10000

    Introduced in Senate

Military Consumer Protection Act — Informed