Protections in Consumer Lending Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Apr 15, 2019)
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 discriminatory practices and may take enforcement action.
What just happenedApr 15, 2019
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseApr 15, 2019
- Apr 15, 2019IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Apr 15, 2019IntroReferralB00100
Sponsor introductory remarks on measure. (CR E471)
- Apr 15, 2019IntroReferralIntro-H
Introduced in House
- Apr 15, 2019IntroReferral1000
Introduced in House