TRUTH IN LENDING ACT

Bills and resolutions

Consumers: prohibit federally insured institutions from engaging in high-cost payday loans and expand protections for consumers in connection with the making of such loans by uninsured entities (see H.R. 5350), H2502 [10MY]

Credit cards: prohibit universal default practices by issuers, limit fees that may be imposed on accounts, and require issuers to verify a prospective consumer's ability to pay before extending credit to the consumer (see S. 2655), S3588 [26AP]

Remarks in House

Consumers: prohibit federally insured institutions from engaging in high-cost payday loans and expand protections for consumers in connection with the making of such loans by uninsured entities (H.R. 5350), E788 [10MY]

Remarks in Senate

Credit cards: prohibit universal default practices by issuers, limit fees that may be imposed on accounts, and require issuers to verify a prospective consumer's ability to pay before extending credit to the consumer (S. 2655), S3592 [26AP]