3.0.0 1608 2021-09-28T20:36:33Z 2021-09-28T20:36:33Z House H HR 2009-03-19 111 hsba00 Financial Services Committee House Standing Referred to 2009-03-19T14:01:50Z Protecting Consumers from Unreasonable Credit Rates Act of 2009 111 500 S 2009-02-26 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2571-2572) Related bill CRS 2009-03-19 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-03-19 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-03-19 Introduced in House IntroReferral 1000 9 Library of Congress S001175 Rep. Speier, Jackie [D-CA-12] Jackie Speier D CA 12 N D000210 Rep. Delahunt, Bill [D-MA-10] Bill Delahunt D MA 10 2009-03-19 True W000187 Rep. Waters, Maxine [D-CA-35] MAXINE WATERS D CA 35 2009-05-12 False F000455 Rep. Fudge, Marcia L. [D-OH-11] Marcia Fudge D OH L. 11 2009-06-09 False G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2009-06-09 False J000283 Rep. Jackson, Jesse L., Jr. [D-IL-2] JESSE JACKSON D IL L. 2 2009-06-09 False D000399 Rep. Doggett, Lloyd [D-TX-25] LLOYD DOGGETT D TX 25 2009-06-25 False S000248 Rep. Serrano, Jose E. [D-NY-16] JOSE SERRANO D NY E. 16 2009-07-14 False K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 2009-07-14 False V000081 Rep. Velazquez, Nydia M. [D-NY-12] NYDIA VELAZQUEZ D NY M. 12 2009-07-24 False M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2009-07-24 False S000480 Rep. Slaughter, Louise McIntosh [D-NY-28] LOUISE SLAUGHTER D NY M. 28 2009-07-24 False W000794 Rep. Watson, Diane E. [D-CA-33] Diane Watson D CA E. 33 2009-07-24 False L000551 Rep. Lee, Barbara [D-CA-9] BARBARA LEE D CA 9 2009-07-24 False E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2009-07-24 False S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2009-07-27 False P000597 Rep. Pingree, Chellie [D-ME-1] Chellie Pingree D ME 1 2009-07-31 False M000404 Rep. McDermott, Jim [D-WA-7] JIM MCDERMOTT D WA 7 2009-09-08 False T000465 Rep. Tsongas, Niki [D-MA-5] Niki Tsongas D MA 5 2009-09-08 False T000469 Rep. Tonko, Paul [D-NY-21] Paul Tonko D NY 21 2009-09-22 False Finance and Financial Sector Civil actions and liability Consumer credit Fraud offenses and financial crimes Interest, dividends, interest rates Finance and Financial Sector 00 2009-03-19 Introduced in House 2009-04-23T20:46:00Z Protecting Consumers from Unreasonable Credit Rates Act of 2009 - Amends the Truth in Lending Act to prohibit a creditor from extending credit to a consumer under an open end consumer credit plan (credit card) for which the fee and interest rate exceeds 36%.

Sets forth criminal penalties for violation of this Act. Empowers state Attorneys General to enforce this Act.

Revises requirements for a periodic statement for each billing cycle with respect to where the total finance charge exceeds 50 cents for a monthly or longer billing cycle, or the pro rata part of 50 cents for a billing cycle shorter than monthly. Requires inclusion of the fee and interest rate, displayed as "FAIR," instead of the total finance charge expressed as an annual percentage rate (APR).

]]> Protecting Consumers from Unreasonable Credit Rates Act of 2009 Short Titles as Introduced Protecting Consumers from Unreasonable Credit Rates Act of 2009 Official Title as Introduced To amend the Truth in Lending Act to establish a national usury rate for consumer credit transactions, and for other purposes. Display Title Protecting Consumers from Unreasonable Credit Rates Act of 2009 Introduced in House 2009-03-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr1608ih/xml/BILLS-111hr1608ih.xml 2009-03-19 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.