3.0.0 5130 2023-01-11T13:25:58Z 2023-01-11T13:25:58Z House H HR 2014-07-17 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CARTWRIGHT:H.R. 5130.Congress has the power to enact this legislation pursuantto the following:Article I; Section 8; Clause 1 of the Constitution statesThe Congress shall have Power To regulate Commerce withforeign Nations, and among the several States, and with theIndian Tribes.[Page H6399]]]> ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings by 2014-09-18T15:00:00Z hsba00 Financial Services Committee House Standing Referred to 2014-07-17T13:00:21Z Protecting Consumers from Unreasonable Credit Rates Act of 2013 113 673 S 2013-04-09 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2504-2505) Related bill CRS 2014-09-18 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Committee 2014-07-17 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2014-07-17 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-07-17 Introduced in House IntroReferral 1000 9 Library of Congress C001090 Rep. Cartwright, Matt [D-PA-17] Matt Cartwright D PA 17 N C001101 Rep. Clark, Katherine M. [D-MA-5] Katherine Clark D MA M. 5 2014-07-17 True C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2014-07-17 True C000537 Rep. Clyburn, James E. [D-SC-6] JAMES CLYBURN D SC E. 6 2014-07-17 True C000984 Rep. Cummings, Elijah E. [D-MD-7] ELIJAH CUMMINGS D MD E. 7 2014-07-17 True D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2014-07-17 True D000399 Rep. Doggett, Lloyd [D-TX-35] LLOYD DOGGETT D TX 35 2014-07-17 True E000290 Rep. Edwards, Donna F. [D-MD-4] Donna Edwards D MD F. 4 2014-07-17 True E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2014-07-17 True F000043 Rep. Fattah, Chaka [D-PA-2] CHAKA FATTAH D PA 2 2014-07-17 True J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 2014-07-17 True J000126 Rep. Johnson, Eddie Bernice [D-TX-30] EDDIE JOHNSON D TX BERNICE 30 2014-07-17 True M000725 Rep. Miller, George [D-CA-11] GEORGE MILLER D CA 11 2014-07-17 True P000597 Rep. Pingree, Chellie [D-ME-1] Chellie Pingree D ME 1 2014-07-17 True R000053 Rep. Rangel, Charles B. [D-NY-13] CHARLES RANGEL D NY B. 13 2014-07-17 True T000465 Rep. Tsongas, Niki [D-MA-3] Niki Tsongas D MA 3 2014-07-17 True L000580 Rep. Lujan Grisham, Michelle [D-NM-1] Michelle Lujan Grisham D NM 1 2014-07-17 True C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2014-07-17 True T000472 Rep. Takano, Mark [D-CA-41] Mark Takano D CA 41 2014-07-22 False T000469 Rep. Tonko, Paul [D-NY-20] Paul Tonko D NY 20 2014-07-22 False D000191 Rep. DeFazio, Peter A. [D-OR-4] PETER DEFAZIO D OR A. 4 2014-07-24 False J000288 Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] Henry Johnson D GA C. "Hank" 4 2014-07-29 False C001084 Rep. Cicilline, David N. [D-RI-1] David Cicilline D RI N. 1 2014-07-30 False M001149 Rep. Michaud, Michael H. [D-ME-2] Michael Michaud D ME H. 2 2014-07-30 False C000714 Rep. Conyers, John, Jr. [D-MI-13] JOHN CONYERS D MI 13 2014-07-30 False N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2014-07-30 False S001162 Rep. Schwartz, Allyson Y. [D-PA-13] Allyson Schwartz D PA Y. 13 2014-07-30 False S000248 Rep. Serrano, Jose E. [D-NY-15] JOSE SERRANO D NY E. 15 2014-09-17 False L000287 Rep. Lewis, John [D-GA-5] JOHN LEWIS D GA 5 2014-09-17 False L000579 Rep. Lowenthal, Alan S. [D-CA-47] Alan Lowenthal D CA S. 47 2014-09-17 False P000607 Rep. Pocan, Mark [D-WI-2] Mark Pocan D WI 2 2014-09-17 False S000480 Rep. Slaughter, Louise McIntosh [D-NY-25] LOUISE SLAUGHTER D NY M. 25 2014-09-17 False G000551 Rep. Grijalva, Raúl M. [D-AZ-3] Raúl Grijalva D AZ M. 3 2014-09-17 False L000397 Rep. Lofgren, Zoe [D-CA-19] ZOE LOFGREN D CA 19 2014-09-18 False G000535 Rep. Gutierrez, Luis V. [D-IL-4] LUIS GUTIERREZ D IL V. 4 2014-09-18 False L000562 Rep. Lynch, Stephen F. [D-MA-8] Stephen Lynch D MA F. 8 2014-09-18 False W000800 Rep. Welch, Peter [D-VT-At Large] Peter Welch D VT 0 2014-09-18 False K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 2014-09-18 False P000523 Rep. Price, David E. [D-NC-4] DAVID PRICE D NC E. 4 2014-09-18 False B001251 Rep. Butterfield, G. K. [D-NC-1] G. K. Butterfield D NC 1 2014-11-12 False C001037 Rep. Capuano, Michael E. [D-MA-7] MICHAEL CAPUANO D MA E. 7 2014-11-12 False E000293 Rep. Esty, Elizabeth H. [D-CT-5] Elizabeth Esty D CT H. 5 2014-11-12 False K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 2014-11-12 False S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2014-11-12 False S001193 Rep. Swalwell, Eric [D-CA-15] Eric Swalwell D CA 15 2014-11-12 False K000385 Rep. Kelly, Robin L. [D-IL-2] Robin Kelly D IL L. 2 2014-11-12 False E000215 Rep. Eshoo, Anna G. [D-CA-18] ANNA ESHOO D CA G. 18 2014-11-12 False Y000062 Rep. Yarmuth, John A. [D-KY-3] John Yarmuth D KY A. 3 2014-11-12 False L000559 Rep. Langevin, James R. [D-RI-2] JAMES LANGEVIN D RI R. 2 2014-11-19 False V000128 Rep. Van Hollen, Chris [D-MD-8] Chris Van Hollen D MD 8 2014-12-09 False Finance and Financial Sector Administrative law and regulatory procedures Civil actions and liability Consumer Financial Protection Bureau Consumer credit Fraud offenses and financial crimes Interest, dividends, interest rates Finance and Financial Sector 00 2014-07-17 Introduced in House 2014-07-25T15:33:57Z Protecting Consumers from Unreasonable Credit Rates Act of 2014 - 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 violations 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 2014 Display Title Protecting Consumers from Unreasonable Credit Rates Act of 2014 Official Title as Introduced To amend the Truth in Lending Act to establish a national usury rate for consumer credit transactions. Introduced in House IH Short Titles as Introduced Protecting Consumers from Unreasonable Credit Rates Act of 2014 Introduced in House 2014-07-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr5130ih/xml/BILLS-113hr5130ih.xml 2014-09-18 Committee on Banking, Housing, and Urban Affairs. Hearings held. 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.