TRUTH IN LENDING ACT
Bills and resolutions
Consumers: establish additional protections for consumers with regard to payday loans (see S. 3245), S2587 [22AP]
Credit: establish certain counseling and disclosure requirements relative to reverse mortgages (see H.R. 4419), H40 [12JA]
———prohibit the servicer of a home mortgage, or any affiliate of the servicer, from holding any other mortgage on the property (see H.R. 4953), H2457 [25MR]
———provide an interest rate cap and other requirements for creditors making covered loans (see H.R. 5689), H5501 [1JY]
———require disclosures to all cosigners and guarantors of any consumer credit transaction or lease that are required to be made to the consumer (see H.R. 4659), H754 [23FE]
Education: require additional disclosures and protections for students and cosigners relative to student loans (see S. 3996), S8348 [1DE] (see H.R. 5458), H4214 [28MY]
FRS: promulgate regulations regarding interchange transaction fees and amend the Truth in Lending Act to prohibit certain restrictions put in place by credit card networks (see H.R. 5199), H3123 [4MY]
Letters
Establish additional protections for consumers with regard to payday loans: Michael P. Calhoun, Center for Responsible Lending (organization), S3873 [18MY]
Remarks in House
Credit: provide for enhanced disclosure under an open end credit plan (H.R. 627), H654, H660 [23FE], H2887 [27AP]
Credit cards: establish a national usury rate for consumer accounts under open end consumer credit plans (H.R. 4300), H2683 [20AP]
Education: require additional disclosures and protections for students and cosigners relative to student loans (H.R. 5458), H7077-H7079 [28SE], E1781, E1782 [29SE]
Remarks in Senate
Consumers: establish additional protections for consumers with regard to payday loans, S3873 [18MY]
———protect from certain practices in connection with the origination of consumer credit transactions secured by the consumer's principal dwelling (S. 863), S3516 [11MY]
Credit: empower States to set the maximum annual percentage rates applicable to consumer credit transactions, S3075, S3076 [4MY], S3402 [7MY]
———protect consumers from usury (S. 582), S2704 [27AP], S8771 [10DE]
———provide for enhanced disclosure under an open end credit plan (H.R. 627), S6618-S6621 [3AU]
Texts of