3.0.0 1909 2019-11-15T20:54:59Z 2019-11-15T20:54:59Z House H HR 2011-05-13 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BACA:H.R. 1909.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3[Page H3303]]]> hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Referred to 2011-07-29T20:29:08Z Referred to 2011-05-13T13:00:47Z 2011-07-29 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2011-05-13 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-05-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-05-13 Introduced in House IntroReferral 1000 9 Library of Congress B001234 Rep. Baca, Joe [D-CA-43] JOE BACA D CA 43 N M001137 Rep. Meeks, Gregory W. [D-NY-6] GREGORY MEEKS D NY W. 6 2011-05-13 True S001165 Rep. Sires, Albio [D-NJ-13] Albio Sires D NJ 13 2011-05-13 True S001164 Rep. Schmidt, Jean [R-OH-2] Jean Schmidt R OH 2 2011-05-13 True S001183 Rep. Schweikert, David [R-AZ-5] David Schweikert R AZ 5 2011-09-20 False M001143 Rep. McCollum, Betty [D-MN-4] BETTY MCCOLLUM D MN 4 2011-09-20 False C000266 Rep. Chabot, Steve [R-OH-1] STEVE CHABOT R OH 1 2011-09-21 False J000288 Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] Henry Johnson D GA C. "Hank" 4 2011-09-21 False R000586 Rep. Renacci, James B. [R-OH-16] James Renacci R OH B. 16 2011-11-03 False J000283 Rep. Jackson, Jesse L., Jr. [D-IL-2] JESSE JACKSON D IL L. 2 2011-11-03 False R000487 Rep. Royce, Edward R. [R-CA-40] ED ROYCE R CA 40 2011-11-14 False R000581 Rep. Richardson, Laura [D-CA-37] Laura Richardson D CA 37 2011-12-02 False L000569 Rep. Luetkemeyer, Blaine [R-MO-9] Blaine Luetkemeyer R MO 9 2011-12-02 False C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2011-12-02 False B000208 Rep. Bartlett, Roscoe G. [R-MD-6] ROSCOE BARTLETT R MD G. 6 2012-03-05 False T000193 Rep. Thompson, Bennie G. [D-MS-2] BENNIE THOMPSON D MS 2 2012-03-20 False S000244 Rep. Sensenbrenner, F. James, Jr. [R-WI-5] F. SENSENBRENNER R WI JAMES 5 2012-03-20 False R000585 Rep. Reed, Tom [R-NY-29] Tom Reed R NY 29 2012-04-17 False J000255 Rep. Jones, Walter B., Jr. [R-NC-3] WALTER JONES R NC B. 3 2012-04-17 False J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 2012-05-07 False R000515 Rep. Rush, Bobby L. [D-IL-1] BOBBY RUSH D IL L. 1 2012-07-09 False Finance and Financial Sector Consumer affairs Consumer credit Federally chartered organizations Financial literacy Financial services and investments Government studies and investigations Small business User charges and fees Finance and Financial Sector 00 2011-05-13 Introduced in House 2011-09-02T19:01:14Z FFSCC Charter Act of 2011 - Directs the Comptroller of the Currency to: (1) provide for the establishment and chartering of Federal Financial Services and Credit Companies (FFSCCs); and (2) ensure that credit alternatives are available to the underbanked.

Prescribes eligibility criteria for an FFSCC charter.

Subjects FFSCCs to specified requirements, including: (1) credit disclosures; (2) account access; (3) financial literacy programs; (4) a comprehensive array of financial services to the underbanked, unbanked, and consumers with low credit scores; and (5) grant of access to credit products predominately to unbanked or underbanked consumers.

Subjects FFSCCs to an annual fee to offset the cost of implementing this Act.

Directs the Comptroller to: (1) draft approved, model product and disclosure forms that may be utilized by FFSCCs with any approved credit products or services; (2) study rates and terms used in the extension of credit; and (3) develop a suite of FSCC financial products for underbanked persons which contain transparent and full disclosure of all related fees and terms, and are economically viable for FFSCCs to offer.

]]> FFSCC Charter Act of 2011 Short Titles as Introduced FFSCC Charter Act of 2011 Display Title FFSCC Charter Act of 2011 Official Title as Introduced To create a charter for Federal Financial Services and Credit Companies. Introduced in House 2011-05-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr1909ih/xml/BILLS-112hr1909ih.xml 2011-07-29 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.