Protecting Consumers' Access to Credit Act of 2017

United States115th CongressHR-3299House of Representatives
Updated: Feb 15, 2018

Summary

(This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.) Protecting Consumers' Access to Credit Act of 2017 (Sec. 3) This bill amends the Revised Statutes, the Home Owners' Loan Act, the Federal Credit Union Act, and the Federal Deposit Insurance Act to state that bank loans that are valid when made as to their maximum rate of interest in accordance with federal law shall remain valid with respect to that rate regardless of whether a bank has subsequently sold or assigned the loan to a third party.

Bill texts

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Timeline

  1. Considered as unfinished business. (consideration: CR H1169)

    House of Representatives

  2. On passage Passed by the Yeas and Nays: 245 - 171 (Roll no. 78). (text: CR H1148)

    House of Representatives

    View vote
  3. Motion to reconsider laid on the table Agreed to without objection.

    House of Representatives

  4. Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Senate