3.0.0 5350 2023-01-13T04:48:29Z 2023-01-13T04:48:29Z House H HR 2006-05-10 109 hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Referred to 2006-05-22T13:23:43Z Referred to 2006-05-10T14:00:50Z 2006-05-22 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2006-05-10 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2006-05-10 Sponsor introductory remarks on measure. (CR E788) IntroReferral B00100 9 Library of Congress 2006-05-10 Introduced in House IntroReferral Intro-H 9 Library of Congress 2006-05-10 Introduced in House IntroReferral 1000 9 Library of Congress U000039 Rep. Udall, Tom [D-NM-3] TOM UDALL D NM 3 N Finance and Financial Sector Advertising Bank loans Checks Civil actions and liability Commerce Congressional reporting requirements Consumer protection Credit unions Damages Debtor and creditor Deposit insurance Finance charges Government Operations and Politics Governmental investigations Interest rates Law Legal fees Liability (Law) Loans Usury Warning labels Finance and Financial Sector 00 2006-05-10 Introduced in House 2006-06-06T20:05:08Z Federal Payday Loan Consumer Protection Amendments of 2006 - Amends the Federal Deposit Insurance Act to prohibit an insured depository institution from: (1) making any payday loan, either directly or indirectly; or (2) making any loan to any other lender for purposes of financing, refinancing, or extending any payday loan.

Amends the Truth in Lending Act to prohibit payday loans based on checks drawn on, or authorized withdrawals from, insured depository institutions.

]]> Federal Payday Loan Consumer Protection Amendments of 2006 Display Title Federal Payday Loan Consumer Protection Amendments of 2006 Official Title as Introduced To amend the Federal Deposit Insurance Act and the Truth in Lending Act to prohibit federally insured institutions from engaging in high-cost payday loans, to expand protections for consumers in connection with the making of such loans by uninsured entities, and for other purposes. Introduced in House IH Short Titles as Introduced Federal Payday Loan Consumer Protection Amendments of 2006 Introduced in House 2006-05-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr5350ih/xml/BILLS-109hr5350ih.xml 2006-05-22 Referred to the Subcommittee on Financial Institutions and Consumer Credit. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.