S.1347 - Low-Cost Alternatives to Payday Loans Act

A bill to authorize demonstration project grants to entities to provide low-cost, small loans. view all titles (2)

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All Bill Titles

  • Short: Low-Cost Alternatives to Payday Loans Act as introduced.
  • Official: A bill to authorize demonstration project grants to entities to provide low-cost, small loans. as introduced.

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Bill's Views

  • Today: 1
  • Past Seven Days: 3
  • All-Time: 417
 
Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
06/29/05
 
 
 
 
 
 
 

Sponsor

Senator

Daniel Akaka

D-HI

No Co-Sponsors

Official Summary

6/30/2005--Introduced.Low-Cost Alternatives to Payday Loans Act - Authorizes the Secretary of the Treasury to award demonstration project grants (including multi-year grants) to eligible entities to provide low-cost, small loans to consumers that will provide alternatives to more costly, p
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Official Summary


6/30/2005--Introduced.
Low-Cost Alternatives to Payday Loans Act - Authorizes the Secretary of the Treasury to award demonstration project grants (including multi-year grants) to eligible entities to provide low-cost, small loans to consumers that will provide alternatives to more costly, predatory payday loans.
Includes within eligible entities:
(1) a tax exempt charitable (501(c)
(3)) organization;
(2) a federally insured depository institution; and
(3) a community development financial institution.


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06/23/09
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