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H.R. 5130 113th Congress House

Protecting Consumers from Unreasonable Credit Rates Act of 2014

Official title: To amend the Truth in Lending Act to establish a national usury rate for consumer credit transactions.

Introduced: July 30, 2014 See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresCivil actions and liabilityConsumer Financial Protection BureauConsumer credit
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Fraud offenses and financial crimesInterest, dividends, interest rates
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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
Sep 18, 2014
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Jul 17, 2014
Referred to the House Committee on Financial Services.
Jul 17, 2014
Introduced in House
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 Latest action September 18, 2014

Committee on Banking, Housing, and Urban Affairs. Hearings held.

 Plain-English summary Congressional Research Service

Protecting Consumers from Unreasonable Credit Rates Act of 2014 - Amends the Truth in Lending Act to prohibit a creditor from extending credit to a consumer under an open end consumer credit plan (credit card) for which the fee and interest rate exceeds 36%.

Sets forth criminal penalties for violations of this Act. Empowers state Attorneys General to enforce this Act.

Revises requirements for a periodic statement for each billing cycle with respect to where the total finance charge exceeds 50 cents for a monthly or longer billing cycle, or the pro rata part of 50 cents for a billing cycle shorter than monthly. Requires inclusion of the fee and interest rate, displayed as "FAIR," instead of the total finance charge expressed as an annual percentage rate (APR).

 Related & companion bills 1
  • S 673 Protecting Consumers from Unreasonable Credit Rates Act of 2013
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 49
All 49 Democratic 18
D
Van Hollen, Chris
Maryland · Dec 9, 2014
LANGEVIN, JAMES
· Nov 19, 2014
Butterfield, G. K.
· Nov 12, 2014
CAPUANO, MICHAEL
· Nov 12, 2014
Eshoo, Anna
· Nov 12, 2014
Esty, Elizabeth
· Nov 12, 2014
 D
Kaptur, Marcy
Ohio · Nov 12, 2014
 D
Kelly, Robin L.
Illinois · Nov 12, 2014
 D
Schakowsky, Janice D.
Illinois · Nov 12, 2014
 D
Swalwell, Eric
California · Nov 12, 2014
Yarmuth, John
· Nov 12, 2014
GUTIERREZ, LUIS
· Sep 18, 2014
KIND, RON
· Sep 18, 2014
 D
Lofgren, Zoe
California · Sep 18, 2014
 D
Lynch, Stephen F.
Massachusetts · Sep 18, 2014
PRICE, DAVID
· Sep 18, 2014
 D
Welch, Peter
Vermont · Sep 18, 2014
 D
Grijalva, Raúl M.
Arizona · Sep 17, 2014
LEWIS, JOHN
· Sep 17, 2014
Lowenthal, Alan
· Sep 17, 2014
 D
Pocan, Mark
Wisconsin · Sep 17, 2014
SERRANO, JOSE
· Sep 17, 2014
SLAUGHTER, LOUISE
· Sep 17, 2014
Cicilline, David
· Jul 30, 2014
CONYERS, JOHN
· Jul 30, 2014
Michaud, Michael
· Jul 30, 2014
 D
Norton, Eleanor Holmes
District of Columbia · Jul 30, 2014
Schwartz, Allyson
· Jul 30, 2014
 D
Johnson, Henry C. "Hank"
Georgia · Jul 29, 2014
DEFAZIO, PETER
· Jul 24, 2014
 D
Takano, Mark
California · Jul 22, 2014
 D
Tonko, Paul
New York · Jul 22, 2014
 D
Clark, Katherine M.
Massachusetts · Jul 17, 2014
CLAY, WM.
· Jul 17, 2014
 D
Clyburn, James E.
South Carolina · Jul 17, 2014
 D
Cohen, Steve
Tennessee · Jul 17, 2014
CUMMINGS, ELIJAH
· Jul 17, 2014
 D
Davis, Danny K.
Illinois · Jul 17, 2014
 D
Doggett, Lloyd
Texas · Jul 17, 2014
Edwards, Donna
· Jul 17, 2014
Ellison, Keith
· Jul 17, 2014
FATTAH, CHAKA
· Jul 17, 2014
Jackson Lee, Sheila
· Jul 17, 2014
JOHNSON, EDDIE
· Jul 17, 2014
Lujan Grisham, Michelle
· Jul 17, 2014
MILLER, GEORGE
· Jul 17, 2014
 D
Pingree, Chellie
Maine · Jul 17, 2014
RANGEL, CHARLES
· Jul 17, 2014
Tsongas, Niki
· Jul 17, 2014
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5130: Protecting Consumers from Unreasonable Credit Rates Act of 2014. 113th Congress. Open America. https://openamerica.io/bill/113-HR-5130/
MLA
"H.R. 5130: Protecting Consumers from Unreasonable Credit Rates Act of 2014." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-5130/.
Bluebook (legal)
H.R. 5130, 113th Cong. (2026), https://openamerica.io/bill/113-HR-5130/.
Markdown link
[H.R. 5130: Protecting Consumers from Unreasonable Credit Rates Act of 2014](https://openamerica.io/bill/113-HR-5130/)
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