Predatory Lending Elimination Act
USA118th CongressS-3549| Senate
| Updated: 12/14/2023
Jack Reed
Democratic Senator
Rhode Island
Cosponsors (17)
Ben Ray Luján (Democratic)Alex Padilla (Democratic)Laphonza R. Butler (Democratic)Sheldon Whitehouse (Democratic)Chris Van Hollen (Democratic)Debbie Stabenow (Democratic)Martin Heinrich (Democratic)John Fetterman (Democratic)Tina Smith (Democratic)Sherrod Brown (Democratic)Brian Schatz (Democratic)Cory A. Booker (Democratic)Peter Welch (Democratic)Jeff Merkley (Democratic)Raphael G. Warnock (Democratic)Ron Wyden (Democratic)Richard Blumenthal (Democratic)
Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Predatory Lending Elimination 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%.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S5999-6000)
Finance and Financial Sector
Predatory Lending Elimination Act
USA118th CongressS-3549| Senate
| Updated: 12/14/2023
Predatory Lending Elimination 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%.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S5999-6000)
Jack Reed
Democratic Senator
Rhode Island
Cosponsors (17)
Ben Ray Luján (Democratic)Alex Padilla (Democratic)Laphonza R. Butler (Democratic)Sheldon Whitehouse (Democratic)Chris Van Hollen (Democratic)Debbie Stabenow (Democratic)Martin Heinrich (Democratic)John Fetterman (Democratic)Tina Smith (Democratic)Sherrod Brown (Democratic)Brian Schatz (Democratic)Cory A. Booker (Democratic)Peter Welch (Democratic)Jeff Merkley (Democratic)Raphael G. Warnock (Democratic)Ron Wyden (Democratic)Richard Blumenthal (Democratic)
Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted