HOUSE 2324116th CongressReferred to the House Committee on Financial Services.

Protections in Consumer Lending Act

Last Action: 4/15/2019

Actions

2019-04-15Referred to the House Committee on Financial Services.
2019-04-15Sponsor introductory remarks on measure. (CR E471)
2019-04-15Introduced in House
2019-04-15Introduced in House

CRS Summary

As of 2019-04-15 (00)

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.

Subjects

Age discrimination
Business records
Congressional oversight
Consumer credit
Credit and credit markets
Government information and archives
Marriage and family status
Racial and ethnic relations
Right of privacy
Sex, gender, sexual orientation discrimination

Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.