S 1205
116th Congress
Senate
Finance and Financial Sector
Age discrimination
Business records
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Consumer credit
Credit and credit markets
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Sex, gender, sexual orientation discrimination
Protections in Consumer Lending Act
Introduced: April 11, 2019
Introduced by:
Gillibrand, Kirsten E.
Democratic
· New York
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 11, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 11, 2019
Introduced in Senate
Plain-English summary
Protections in Consumer Lending Act
This bill requires creditors to collect specified demographic information regarding applicants for certain credit transactions (e.g., automobile loans, credit cards, and payday loans) and the outcomes of these applications. The creditor must report this information to the Consumer Financial Protection Bureau (CFPB).
The CFPB must use this information to determine whether a creditor is engaging in discriminatory practices and may take enforcement action.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1