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A bill to amend the Truth in Lending Act and the Electronic Fund Transfer Act to provide justice to victims of fraud.

USA115th CongressS-552| Senate 
| Updated: 3/7/2017
Sherrod Brown

Sherrod Brown

Democratic Senator

Ohio

Cosponsors (21)
Mazie K. Hirono (Democratic)Dianne Feinstein (Democratic)Catherine Cortez Masto (Democratic)Patrick J. Leahy (Democratic)Richard J. Durbin (Democratic)Jack Reed (Democratic)Kirsten E. Gillibrand (Democratic)Elizabeth Warren (Democratic)Mark R. Warner (Democratic)Heidi Heitkamp (Democratic)Robert P. Casey (Democratic)Sheldon Whitehouse (Democratic)Chris Van Hollen (Democratic)Patty Murray (Democratic)Bernard Sanders (Independent)Brian Schatz (Democratic)Al Franken (Democratic)Robert Menendez (Democratic)Jeff Merkley (Democratic)Ron Wyden (Democratic)Richard Blumenthal (Democratic)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Justice for Victims of Fraud Act of 2017 This bill amends the Truth in Lending Act and the Electronic Fund Transfer Act to prohibit predispute arbitration agreements with consumers (i.e., agreements to arbitrate any future disputes between parties instead of pursuing the claims in court) from being valid or enforceable in disputes related to credit card accounts or personal bank accounts that are not subject to a final judgment by a court if the credit card or bank account was not issued in response to a request or application for that account. The bill excludes from this prohibition accounts held by a financial institution pursuant to a bona fide trust agreement.
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Timeline
Mar 7, 2017

Latest Companion Bill Action

HR 115-1414
Introduced in House
Mar 7, 2017
Introduced in Senate
Mar 7, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • March 7, 2017

    Latest Companion Bill Action

    HR 115-1414
    Introduced in House


  • March 7, 2017
    Introduced in Senate


  • March 7, 2017
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Related Bills

  • HR 115-1414: To amend the Truth in Lending Act and the Electronic Fund Transfer Act to provide justice to victims of fraud.
Alternative dispute resolution, mediation, arbitrationBank accounts, deposits, capitalConsumer creditFraud offenses and financial crimes

A bill to amend the Truth in Lending Act and the Electronic Fund Transfer Act to provide justice to victims of fraud.

USA115th CongressS-552| Senate 
| Updated: 3/7/2017
Justice for Victims of Fraud Act of 2017 This bill amends the Truth in Lending Act and the Electronic Fund Transfer Act to prohibit predispute arbitration agreements with consumers (i.e., agreements to arbitrate any future disputes between parties instead of pursuing the claims in court) from being valid or enforceable in disputes related to credit card accounts or personal bank accounts that are not subject to a final judgment by a court if the credit card or bank account was not issued in response to a request or application for that account. The bill excludes from this prohibition accounts held by a financial institution pursuant to a bona fide trust agreement.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 7, 2017

Latest Companion Bill Action

HR 115-1414
Introduced in House
Mar 7, 2017
Introduced in Senate
Mar 7, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • March 7, 2017

    Latest Companion Bill Action

    HR 115-1414
    Introduced in House


  • March 7, 2017
    Introduced in Senate


  • March 7, 2017
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sherrod Brown

Sherrod Brown

Democratic Senator

Ohio

Cosponsors (21)
Mazie K. Hirono (Democratic)Dianne Feinstein (Democratic)Catherine Cortez Masto (Democratic)Patrick J. Leahy (Democratic)Richard J. Durbin (Democratic)Jack Reed (Democratic)Kirsten E. Gillibrand (Democratic)Elizabeth Warren (Democratic)Mark R. Warner (Democratic)Heidi Heitkamp (Democratic)Robert P. Casey (Democratic)Sheldon Whitehouse (Democratic)Chris Van Hollen (Democratic)Patty Murray (Democratic)Bernard Sanders (Independent)Brian Schatz (Democratic)Al Franken (Democratic)Robert Menendez (Democratic)Jeff Merkley (Democratic)Ron Wyden (Democratic)Richard Blumenthal (Democratic)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 115-1414: To amend the Truth in Lending Act and the Electronic Fund Transfer Act to provide justice to victims of fraud.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Alternative dispute resolution, mediation, arbitrationBank accounts, deposits, capitalConsumer creditFraud offenses and financial crimes