HR 4548
117th Congress
House
Finance and Financial Sector
Unfair or Deceptive Acts or Practices Uniformity Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 20, 2021
Referred to the House Committee on Financial Services.
Jul 20, 2021
Introduced in House
Plain-English summary
Unfair or Deceptive Acts or Practices Uniformity Act
This bill eliminates the authority of the Consumer Financial Protection Bureau to take action against a person or service provider for an abusive act or practice in connection with a consumer financial product or service. Additionally, the bureau is prohibited from taking action against an unfair or deceptive act unless the bureau first consults with the primary financial regulatory agency of the person or service provider. Finally, any rulemaking made by the bureau regarding an unfair or deceptive act must comply with certain Federal Trade Commission rulemaking requirements.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1