3.0.0 3287 2017-12-15T00:33:43Z 2017-12-15T00:33:43Z Senate S S 2008-07-17 110 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2008-07-17T22:41:05Z 2008-07-17 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S6941-6942) IntroReferral 2008-07-17 Sponsor introductory remarks on measure. (CR S6941) IntroReferral B00100 9 Library of Congress 2008-07-17 Introduced in Senate IntroReferral 10000 9 Library of Congress D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. N W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI 2008-07-24 False Finance and Financial Sector Commerce Consumer credit Crime and Law Enforcement Fines (Penalties) Injunctions Interest rates Law Finance and Financial Sector 00 2008-07-17 Introduced in Senate 2008-09-03T20:04:38Z Protecting Consumers from Unreasonable Credit Rates Act of 2008 - Amends the Truth in Lending Act to prohibit a creditor from making an extension of credit to a consumer with respect to which the annual percentage credit rate (APR) exceeds 36%.

Includes within such APR all charges payable directly or indirectly incident to, ancillary to, or as a condition of the extension of credit.

States that any payment in violation of this Act is null, void, and unenforceable.

Prescribes civil and criminal penalties for violations of this Act. Empowers states' Attorneys General to enforce it.

]]> Protecting Consumers from Unreasonable Credit Rates Act of 2008 Short Titles as Introduced Protecting Consumers from Unreasonable Credit Rates Act of 2008 Display Title Protecting Consumers from Unreasonable Credit Rates Act of 2008 Official Title as Introduced A bill to amend the Truth in Lending Act to establish a national usury rate for consumer credit transactions. Introduced in Senate 2008-07-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s3287is/xml/BILLS-110s3287is.xml 2008-07-17 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S6941-6942) 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.