Veterans and Consumers Fair Credit Act

Fact Sheet API

Bill Number

S 2508

Introduced

Jul 28, 2021

Latest Action

Committee on Banking, Housing, and Urban Affairs. Hearings held.

Sponsor

Cosponsors

Topics

Administrative law and regulatory procedures Banking and financial institutions regulation Civil actions and liability Congressional oversight Consumer affairs Consumer credit Consumer Financial Protection Bureau Department of Defense Finance and Financial Sector Financial services and investments Government information and archives Interest, dividends, interest rates Military personnel and dependents State and local government operations

Full Text

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Votes

Summary

Veterans and Consumers Fair Credit Act

This bill applies certain military consumer credit protections to all consumers. Specifically, the bill caps the interest rate on extensions of consumer credit at 36%.

Actions

Sep 13, 2022

Committee on Banking, Housing, and Urban Affairs. Hearings held.
Jan 5, 2022

Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held.
Jul 29, 2021

Committee on Banking, Housing, and Urban Affairs. Hearings held.
Jul 28, 2021

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S5143)
Jul 28, 2021

Introduced in Senate

Amendments

Related Bills