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HR 3760 115th Congress House Finance and Financial Sector Administrative law and regulatory procedures Civil actions and liability Consumer Financial Protection Bureau Consumer credit Fraud offenses and financial crimes Interest, dividends, interest rates

Protecting Consumers from Unreasonable Credit Rates Act of 2017

Introduced: September 13, 2017 See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 13, 2017
Referred to the House Committee on Financial Services.
Sep 13, 2017
Introduced in House
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 Plain-English summary Congressional Research Service

Protecting Consumers from Unreasonable Credit Rates Act of 2017

This bill 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%.

The bill also sets forth criminal penalties for violations and empowers state Attorneys General to enforce the bill.

Credit card billing statements must include the fee and interest rate, displayed as "FAIR," instead of the total finance charge expressed as an annual percentage rate (APR).

What's happening now September 13, 2017

Referred to the House Committee on Financial Services.

 Related & companion bills 1
  • S 1659 Related bill Protecting Consumers from Unreasonable Credit Rates Act of 2017
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 11
All 11 Democratic 11
D
Lofgren, Zoe
California · May 9, 2018
 D
Pingree, Chellie
Maine · Nov 16, 2017
 D
DeSaulnier, Mark
California · Nov 3, 2017
 D
Clark, Katherine M.
Massachusetts · Sep 13, 2017
 D
Cohen, Steve
Tennessee · Sep 13, 2017
 D
Kelly, Robin L.
Illinois · Sep 13, 2017
 D
Lynch, Stephen F.
Massachusetts · Sep 13, 2017
 D
Norton, Eleanor Holmes
District of Columbia · Sep 13, 2017
 D
Pocan, Mark
Wisconsin · Sep 13, 2017
 D
Schakowsky, Janice D.
Illinois · Sep 13, 2017
 D
Takano, Mark
California · Sep 13, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3760: Protecting Consumers from Unreasonable Credit Rates Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-3760/
MLA
"H.R. 3760: Protecting Consumers from Unreasonable Credit Rates Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-3760/.
Bluebook (legal)
H.R. 3760, 115th Cong. (2026), https://openamerica.io/bill/115-HR-3760/.
Markdown link
[H.R. 3760: Protecting Consumers from Unreasonable Credit Rates Act of 2017](https://openamerica.io/bill/115-HR-3760/)
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