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%.
Administrative law and regulatory proceduresBanking and financial institutions regulationCivil actions and liabilityCongressional oversightConsumer affairsConsumer creditConsumer Financial Protection BureauDepartment of DefenseFinancial services and investmentsGovernment information and archivesInterest, dividends, interest ratesMilitary personnel and dependentsState and local government operations
Veterans and Consumers Fair Credit Act
USA116th CongressHR-5050| House
| Updated: 11/12/2019
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%.
Administrative law and regulatory proceduresBanking and financial institutions regulationCivil actions and liabilityCongressional oversightConsumer affairsConsumer creditConsumer Financial Protection BureauDepartment of DefenseFinancial services and investmentsGovernment information and archivesInterest, dividends, interest ratesMilitary personnel and dependentsState and local government operations