3.0.0 2871 2023-01-12T17:52:56Z 2023-01-12T17:52:56Z House H HR 2007-06-26 110 hsba00 Financial Services Committee House Standing Referred to 2007-06-26T13:01:10Z 2007-06-26 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2007-06-26 Sponsor introductory remarks on measure. (CR E1415) IntroReferral B00100 9 Library of Congress 2007-06-26 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-06-26 Introduced in House IntroReferral 1000 9 Library of Congress U000039 Rep. Udall, Tom [D-NM-3] TOM UDALL D NM 3 N G000535 Rep. Gutierrez, Luis V. [D-IL-4] LUIS GUTIERREZ D IL V. 4 2007-06-26 True E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2007-06-26 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2007-06-26 True Finance and Financial Sector Bank loans Checks Loans Finance and Financial Sector 00 2007-06-26 Introduced in House 2007-09-04T20:14:18Z Payday Loan Reform Act of 2007 - Amends the Truth in Lending Act to prohibit payday loans based on checks drawn on, or authorized withdrawals from, insured depository institutions.

Amends the Federal Deposit Insurance Act to prohibit an insured depository institution from: (1) making or extending a 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.

Declares payday loan instruments or transactions void from inception.

]]> Payday Loan Reform Act of 2007 Display Title Payday Loan Reform Act of 2007 Official Title as Introduced To amend the Truth in Lending Act and the Federal Deposit Insurance Act to prohibit payday loans based on checks drawn on, or authorized withdrawals from, depository institutions and to prohibit insured depository institutions from making payday loans, and for other purposes. Introduced in House IH Short Titles as Introduced Payday Loan Reform Act of 2007 Introduced in House 2007-06-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr2871ih/xml/BILLS-110hr2871ih.xml 2007-06-26 Referred to the House Committee on Financial Services. 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.