3.0.0 3760 2023-01-11T13:38:43Z 2023-01-11T13:38:43Z House HR 2017-09-13 115 [Congressional Record Volume 163, Number 148 (Wednesday, September 13, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CARTWRIGHT:H.R. 3760.Congress has the power to enact this legislation pursuantto the following:Article I; Section 8; Clause 3 of the Constitution statesThe Congress shall have Power To regulate Commerce withforeign Nations, and among the several States, and with theIndian Tribes.[Page H7383]]]> hsba00 Financial Services Committee House Standing Referred to 2017-09-13T14:01:05Z Protecting Consumers from Unreasonable Credit Rates Act of 2017 115 1659 S 2017-07-27 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S4429-4430) Related bill CRS 2017-09-13 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-09-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-09-13 Introduced in House IntroReferral 1000 9 Library of Congress C001090 Rep. Cartwright, Matt [D-PA-17] Matt Cartwright D PA 17 N C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2017-09-13 True L000562 Rep. Lynch, Stephen F. [D-MA-8] Stephen Lynch D MA F. 8 2017-09-13 True C001037 Rep. Capuano, Michael E. [D-MA-7] MICHAEL CAPUANO D MA E. 7 2017-09-13 True J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 2017-09-13 True K000385 Rep. Kelly, Robin L. [D-IL-2] Robin Kelly D IL L. 2 2017-09-13 True C000984 Rep. Cummings, Elijah E. [D-MD-7] ELIJAH CUMMINGS D MD E. 7 2017-09-13 True L000559 Rep. Langevin, James R. [D-RI-2] JAMES LANGEVIN D RI R. 2 2017-09-13 True T000465 Rep. Tsongas, Niki [D-MA-3] Niki Tsongas D MA 3 2017-09-13 True N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2017-09-13 True E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2017-09-13 True P000607 Rep. Pocan, Mark [D-WI-2] Mark Pocan D WI 2 2017-09-13 True C001101 Rep. Clark, Katherine M. [D-MA-5] Katherine Clark D MA M. 5 2017-09-13 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2017-09-13 True T000472 Rep. Takano, Mark [D-CA-41] Mark Takano D CA 41 2017-09-13 True P000523 Rep. Price, David E. [D-NC-4] DAVID PRICE D NC E. 4 2017-09-13 True E000215 Rep. Eshoo, Anna G. [D-CA-18] ANNA ESHOO D CA G. 18 2017-09-13 True G000551 Rep. Grijalva, Raúl M. [D-AZ-3] Raúl Grijalva D AZ M. 3 2017-09-25 False Y000062 Rep. Yarmuth, John A. [D-KY-3] John Yarmuth D KY A. 3 2017-10-25 False D000623 Rep. DeSaulnier, Mark [D-CA-11] Mark DeSaulnier D CA 11 2017-11-03 False D000191 Rep. DeFazio, Peter A. [D-OR-4] PETER DEFAZIO D OR A. 4 2017-11-09 False P000597 Rep. Pingree, Chellie [D-ME-1] Chellie Pingree D ME 1 2017-11-16 False L000397 Rep. Lofgren, Zoe [D-CA-19] ZOE LOFGREN D CA 19 2018-05-09 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 2017-09-13 Introduced in House 2017-10-19T14:04:29Z Protecting Consumers from Unreasonable Credit Rates Act of 2017

This bill 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%.

The bill also sets forth criminal penalties for violations and empowers state Attorneys General to enforce the bill.

Credit card billing statements must include 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 2017 Display Title Protecting Consumers from Unreasonable Credit Rates Act of 2017 Short Titles as Introduced Protecting Consumers from Unreasonable Credit Rates Act of 2017 Official Title as Introduced To amend the Truth in Lending Act to establish a national usury rate for consumer credit transactions. Introduced in House 2017-09-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr3760ih/xml/BILLS-115hr3760ih.xml 2017-09-13 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.