U.S. Congress - H.R.2871 Payday Loan Reform Act of 2007
H.R.2871 - Payday Loan Reform Act of 2007
To amend the Truth in Lending Act and the Federal Deposit Insurance Act to prohibit payday loans based on checks drawn on, or authorized withdrawals from, depository institutions and to prohibit insured depository institutions from making payday loans, and for other purposes. view all titles (2)
All Bill Titles
- Short: Payday Loan Reform Act of 2007 as introduced.
- Official: To amend the Truth in Lending Act and the Federal Deposit Insurance Act to prohibit payday loans based on checks drawn on, or authorized withdrawals from, depository institutions and to prohibit insured depository institutions from making payday loans, and for other purposes. as introduced.
This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.
Committees
|
|
|
|
|
|
|
|
Latest Action Jun 26, 2007Introduced in House Related Bills (0) & Issues (5) Users Tracking H.R.2871 (1)
Official Summary
6/26/2007--Introduced.Payday Loan Reform Act of 2007 - Amends the Truth in Lending Act to prohibit payday loans based on checks drawn on, or authorized withdrawals from, insured depository institutions. Amends the Federal Deposit Insurance Act to prohibit an insured depository institution from:
(1) making or extending a payday loan, either directly or indirectly; or
(2) making any loan to any other lender for purposes of financing, refinancing, or extending any payday loan. Declares payday loan instruments or transactions void from inception.
...Read the Rest
Recent News Coverage
Hmmmm, no news coverage found for this bill at this time. This means that this this bill has not yet been mentioned on a publicly-searchable news website by either its official number (for example, "H.R. 3200") or title (for example, "America's Affordable Health Choices Act of 2009"). As soon as that changes, our daily automated search across the Web will catch it and include it here. If this bill is of interest to you, you can write a letter to the editor referring to this bill by name, and if your letter is published on the Web, a link back your letter will appear here within about one day. Or, if you know of a news article about this bill to display here, email us the web address of this page and the web address of your suggested news article: Our editorial team will post relevant links as quickly as possible. Thanks for helping to build public knowledge about Congress.
Recent Blog Coverage
View All (28)
|
View Top Rated
The Washington Independent » Pawnshops Heart Gutierrez
By Mike Lillis 4/27/09 4:36 PM. Following up on our piece this month about how payday lenders have found a friend in Rep. Luis Gutierrez (D-Ill.) â who's pushing legislation that caps interest rates on those loans at nearly 400 percent ...
A Liberal's Hit List: Gutierrez Proposes Weak Reform of Payday Lenders
"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness." ...
The Washington Independent » Gutierrez Proposes Weak Reform of ...
Powerful Democrat Once Supported a Ban on the Industry. By Mike Lillis 4/8/09 12:01 AM. Rep. Luis Gutierrez (D-Ill.) (Associated Press). As congressional Democrats work to solidify finance industry reforms, a growing push to rein in ...
Bill's Views
- Today: 3
- Past Seven Days: 14
- All-Time: 784
-%
Users Support Bill
in favor / opposed-
Share This Bill
More Share via Email
