Protecting Consumers from Unreasonable Credit Rates Act of 2008
A bill to amend the Truth in Lending Act to establish a national usury rate for consumer credit transactions.
Other Bill Titles (2 more) 7/17/2008--Introduced.
Protecting Consumers from Unreasonable Credit Rates Act of 2008 - Amends the Truth in Lending Act to prohibit a creditor from making an extension of credit to a consumer with respect to which the annual percentage credit rate (APR) exceeds 36%. Includes within su... moreSee Full Bill Text
Committees
Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by Senate | ![]() | Voted on by House | ![]() | Considered By President | ![]() | Bill Becomes Law |
| July 17, 2008 |
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Blog Coverage
July 28, 2008 MortgageNewsClips: Cramer Rant Nostalgia, Steve Forbes, Loosen Up ...
On July 17, Senator Dick Durbin (D-Ill.) introduced S. 3287, a bill which would amend the Truth in Lending Act (TILA) by creating a national usury rate. The bill, titled âProtecting Consumers From Unreasonable Credit Rates Act of 2008,â ...
Source: Mortgage News Clips
July 24, 2008 Senator proposes national usury rate; would cap max interest APR ...
Durbin, a second-term Democrat from Illinois, filed the âProtecting Consumers from Unreasonable Credit Rates Act of 2008â³ (S. 3287) late on Thursday. It would amend the Truth in Lending Act to impose a national cap on consumer credit ...
Source: Best Credit Card Com
July 16, 2008 S. 3287, A bill to amend the Truth in Lending Act to establish a ...
S. 3287 would amend the Truth in Lending Act to establish a national usury rate for consumer credit transactions.... Vote on This Bill: For | Against.










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