TRUTH IN LENDING ACT

Bills and resolutions

Colleges and universities: create consistent servicing and disclosure standards across private and Federal student loans (see S. 1354), S2688 [7MY]

——— require private educational lenders to obtain certain certifications from institutions of higher education (see S. 2184), S4948 [18JY]

Consumer Financial Protection Bureau: provide regulatory relief to charitable organizations that provide housing assistance (see S. 371), S1131 [7FE] (see H.R. 1060), H1460 [7FE]

Credit: clarify exclusion for seller-financers from the definition of mortgage originator to improve access to affordable housing in rural communities and promote safe seller financing transactions (see H.R. 1036), H1458 [7FE]

——— empower States to set maximum annual percentage rates applicable to consumer credit transactions (see S. 1006), S2239 [3AP]

——— establish a national usury rate for consumer credit transactions (see S. 1230), S2485 [29AP] (see S. 1389), S2770 [9MY] (see H.R. 2930), H4118 [22MY]

——— extend consumer protections relative to interest rates and credit limits provided to Armed Forces members to veterans, their families, and all consumers (see S. 2833), S6507 [12NO] (see H.R. 5050), H8783 [12NO]

——— improve regulation of ‘‘payday’’ lending by ensuring consumers control their own bank accounts, increasing transparency, and banning lead generators and anonymously registered websites in payday lending (see S. 656), S1659 [5MR] (see H.R. 1509), H2366 [5MR]

——— prohibit distribution of checks or other negotiable instrument as part of a solicitation by a creditor for an extension of credit and limit liability of consumers in conjunction with such solicitations (see S. 3036), S7026 [12DE]

Dept. of Education: establish a student loan borrower bill of rights and require creditors obtain private loan cetifications from institutions of higher education (see H.R. 5294), H9255 [4DE]

Education: establish additional protections and disclosures for students and co-signers relative to student loans (see S. 2405), S5249 [31JY]

——— prohibit predispute arbitration agreements that force arbitration of disputes arising from private education loans (see H.R. 4544), H8079 [27SE]

Financial institutions: limit overdraft fees and establish fair and transparent practices relative to marketing and provision of overdraft coverage programs at depository institutions (see S. 1595), S3058 [22MY] (see H.R. 4254), H7559 [9SE]

FTC: codify ban on confessions of judgment in law in consumer loan contracts and expand such ban to provide protections to small businesses (see S. 1961), S4504 [25JN] (see H.R. 3490), H5167 [25JN]

Notices

Estimated budget effects of H.R. 1060, Building Up Independent Lives and Dreams (BUILD) Act, H3786 [14MY]

Remarks in House

Consumer Financial Protection Bureau: provide regulatory relief to charitable organizations that provide housing assistance (H.R. 1060), H3767–H3769 [14MY]

Credit: extend consumer protections relative to interest rates and credit limits provided to Armed Forces members to veterans, their families, and all consumers (H.R. 5050), E1429 [12NO]

Credit Card Accountability Responsibility and Disclosure (Credit CARD) Act: anniversary, H4074 [22MY]

Remarks in Senate

Consumer Financial Protection Bureau: provide regulatory relief to charitable organizations that provide housing assistance (S. 371), S1135 [7FE]

Texts of

H.R. 1060, Building Up Independent Lives and Dreams (BUILD) Act, H3767 [14MY]

S. 1230, Protecting Consumers From Unreasonable Credit Rates Act, S2488 [29AP]

S. 1354, Student Loan Borrower Bill of Rights, S2691–S2699 [7MY]

S. 2184, Know Before You Owe Private Education Loan Act, S4952 [18JY]