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HR 6544 116th Congress House Finance and Financial Sector Cardiovascular and respiratory health Consumer credit Debt collection Emergency medical services and trauma care Infectious and parasitic diseases Interest, dividends, interest rates Motor vehicles

Payday and Predatory Loans Moratorium Act of 2020

Introduced: April 17, 2020 Introduced by: Meeks, Gregory W. Democratic · New York See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Apr 17, 2020
Referred to the House Committee on Financial Services.
Apr 17, 2020
Introduced in House
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 Plain-English summary Congressional Research Service

Payday and Predatory Loans Moratorium Act of 2020

This bill prohibits for one year efforts by a lender to collect on certain debts owed by a borrower affected by the COVID-19 (i.e., coronavirus disease 2019) pandemic. Specifically, lenders are prohibited from collection efforts against such a borrower with respect to (1) a loan with a nominal interest rate of 36% or more, and (2) a loan which the lender did not determine was affordable while allowing the borrower to meet basic living expenses and major financial obligations.

What's happening now April 17, 2020

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 6544: Payday and Predatory Loans Moratorium Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-6544/
MLA
"H.R. 6544: Payday and Predatory Loans Moratorium Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-6544/.
Bluebook (legal)
H.R. 6544, 116th Cong. (2026), https://openamerica.io/bill/116-HR-6544/.
Markdown link
[H.R. 6544: Payday and Predatory Loans Moratorium Act of 2020](https://openamerica.io/bill/116-HR-6544/)
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