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Protections in Consumer Lending Act
Legislative Progress
Introduced
April 15, 2019
Latest Action
April 15, 2019
Primary Sponsor
Jesús G. "Chuy" GarcíaDemocratic(IL)
Momentum (last 30 days)
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0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
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0d open
vs 9,062 other HR bills in the 116th — cohort avg 39d
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.
Referred to the House Committee on Financial Services.
Sponsor introductory remarks on measure. (CR E471)
Introduced in House
Congress.gov source codes: 1000, Intro-H
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Sources: Congress.gov