Skip to main content
S 3287 110th Congress Senate Finance and Financial Sector Commerce Consumer credit Crime and Law Enforcement Fines (Penalties) Injunctions Interest rates Law

Protecting Consumers from Unreasonable Credit Rates Act of 2008

Introduced: July 17, 2008 Introduced by: Durbin, Richard J. Democratic · Illinois See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 17, 2008
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S6941-6942)
Jul 17, 2008
Sponsor introductory remarks on measure. (CR S6941)
Jul 17, 2008
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Protecting Consumers from Unreasonable Credit Rates Act of 2008 - Amends the Truth in Lending Act to prohibit a creditor from making an extension of credit to a consumer with respect to which the annual percentage credit rate (APR) exceeds 36%.

Includes within such APR all charges payable directly or indirectly incident to, ancillary to, or as a condition of the extension of credit.

States that any payment in violation of this Act is null, void, and unenforceable.

Prescribes civil and criminal penalties for violations of this Act. Empowers states' Attorneys General to enforce it.

What's happening now July 17, 2008

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S6941-6942)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Whitehouse, Sheldon
Rhode Island · Jul 24, 2008
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3287: Protecting Consumers from Unreasonable Credit Rates Act of 2008. 110th Congress. Open America. https://openamerica.io/bill/110-S-3287/
MLA
"S. 3287: Protecting Consumers from Unreasonable Credit Rates Act of 2008." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-3287/.
Bluebook (legal)
S. 3287, 110th Cong. (2026), https://openamerica.io/bill/110-S-3287/.
Markdown link
[S. 3287: Protecting Consumers from Unreasonable Credit Rates Act of 2008](https://openamerica.io/bill/110-S-3287/)
Report a problem