S 1642
115th Congress
Senate
Finance and Financial Sector
Banking and financial institutions regulation
Consumer credit
Credit and credit markets
Federal preemption
Interest, dividends, interest rates
Protecting Consumers' Access to Credit Act of 2017
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 27, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 27, 2017
Introduced in Senate
Plain-English summary
Protecting Consumers' Access to Credit Act of 2017
This bill amends the Revised Statutes, the Home Owners' Loan Act, the Federal Credit Union Act, and the Federal Deposit Insurance Act to state that bank loans that are valid when made as to their maximum rate of interest in accordance with federal law shall remain valid with respect to that rate regardless of whether a bank has subsequently sold or assigned the loan to a third party.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1