TRUTH IN LENDING ACT

Bills and resolutions

Consumer Financial Protection Bureau: reduce excessive credit card late fees (see S. 3660), S256 [15JA]

Credit: empower States to set maximum annual percentage rates applicable to consumer credit transactions (see S. 3721), S376 [29JA]

——— extend consumer protections relative to interest rates and credit limits provided to Armed Forces members to all consumers (see S. 3793), S509 [5FE]

——— include buy now, pay later loans and issuers of such loans in definition of credit card and credit issuer, respectively (see H.R. 9275), H4110 [11JN]

FTC: modernize disclosure requirements, establish materiality standards and safe harbors for mortgage disclosures, simplify waiting period, and expand tolerances for annual percentage rate accuracy (see H.R. 9459), H4261 [25JN]

Real estate: include home equity investment loan in definition of residential mortgage loan under Truth in Lending Act (see S. 4803), S2893 [17JN]

Remarks in Senate

Credit: extend consumer protections relative to interest rates and credit limits provided to Armed Forces members to all consumers (S. 3793), S511 [5FE]