TRUTH IN LENDING ACT

Analyses

Consumer Overdraft Protection Fair Practices Act: John J. LaFalce, E2156 [24OC]

Articles and editorials

Credit Card Penalties, Fees Bury Debtors; Senate Nears Action on Bankruptcy Curbs, S5226-S5228 [16MY]

Bills and resolutions

Bankruptcy: exclude medically distressed debtors from means testing and require certain disclosures in connection with credit card applications and solicitations (see H.R. 2201), H3055 [5MY]

Consumers: protect from predatory mortgage lending practices and provide housing counseling opportunities (see H.R. 4471), H11326 [8DE]

———protect from usury and unreasonable fees (see H.R. 1619), H1969 [13AP]

Credit: impose restrictions on high-cost mortgages, revise fees and charges on certain loans, prohibit unfair or deceptive practices by mortgage brokers and creditors, and provide counseling about predatory lenders (see H.R. 1182), H1263 [9MR]

———provide for enhanced disclosure under an open end credit plan (see S. 1040), S5219 [16MY] (see H.R. 4413), H11034 [18NO]

———require credit card issuers to apply low interest rates to credit extended to pay certain medical expenses and prohibit hospitals from immediately reporting patients who are delinquent with payment (see H.R. 1238), H1369 [10MR]

———require stores offering credit or charge accounts to prominently display certain information (see H.R. 833), H629 [15FE]

Credit cards: protect consumers from unfair practices of issuers (see H.R. 3492), H6934 [27JY]

Financial institutions: extend certain protections to overdraft protection programs, require consent to initiate, and enhance information on overdraft protection, and prohibit manipulation to generate overdraft protection fees (see H.R. 3449), H6932 [27JY]

Immigration: remove discretion of Dept. of Homeland Security relative to expedited removal and prohibit issuance of residential mortgages to illegal aliens (see H.R. 4032), H8808 [7OC]

Remarks in House

Credit: impose restrictions on high-cost mortgages, revise fees and charges on certain loans, prohibit unfair or deceptive practices by mortgage brokers and creditors, and provide counseling about predatory lenders (H.R. 1182), H2110 [19AP]

———require credit card issuers to apply low interest rates to credit extended to pay certain medical expenses and prohibit hospitals from immediately reporting patients who are delinquent with payment (H.R. 1238), E418 [10MR]

Financial institutions: extend certain protections to overdraft protection programs, require consent to initiate, and enhance information on overdraft protection, and prohibit manipulation to generate overdraft protection fees (H.R. 3449), E2156 [24OC]

Remarks in Senate

Credit: provide for enhanced disclosure under an open end credit plan (S. 1040), S5225 [16MY]