S. 2508IntroducedFINANCE AND FINANCIAL SECTOR
Veterans and Consumers Fair Credit Act
Administrative law and regulatory procedures · Banking and financial institutions regulation · Civil actions and liability
Key facts
Introduced: Jul 28, 2021
Chamber: Senate
Cosponsors: 14
Congress: 117th
Latest action · Sep 13, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
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%.
Summary by Congressional Research Service.
Timeline
- Sep 13, 2022Committee on Banking, Housing, and Urban Affairs. Hearings held.
- Jan 5, 2022Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held.
- Jul 29, 2021Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-700.
- Jul 28, 2021Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S5143)
- Jul 28, 2021Introduced in Senate
Cosponsors
- Sen. Merkley, Jeff [D-OR] D-OR
- Sen. Brown, Sherrod [D-OH] D-OH
- Sen. Van Hollen, Chris [D-MD] D-MD
- Sen. Smith, Tina [D-MN] D-MN
- Sen. Booker, Cory A. [D-NJ] D-NJ
- Sen. Blumenthal, Richard [D-CT] D-CT
- Sen. Schatz, Brian [D-HI] D-HI
- Sen. Feinstein, Dianne [D-CA] D-CA
- Sen. Warnock, Raphael G. [D-GA] D-GA
- Sen. Leahy, Patrick J. [D-VT] D-VT
- Sen. Wyden, Ron [D-OR] D-OR
- Sen. Stabenow, Debbie [D-MI] D-MI
- Sen. Whitehouse, Sheldon [D-RI] D-RI
- Sen. Luján, Ben Ray [D-NM] D-NM
In the News
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