Consumer Credit Access, Innovation, and Modernization Act

[AI summary unavailable — showing source text] Consumer Credit Access, Innovation, and Modernization Act - Directs the Comptroller of the Currency to charter creditors which shall become Internet consumer credit corporations (Internet creditors) to offer financial products or services primarily to underserved consumers and small businesses. Requires an applicant for a federal charter to submit an application which includes: (1) a business plan for at least a three-year period with its primary business activities serving underserved consumers and small businesses for credit and related financial services through the Internet and electronic devices and not through brick-and-mortar locations, (2) a marketing plan that describes the types of financial products or services such creditor intends to offer, (3) a plan to promptly address complaints from underserved consumers and small businesses, and (4) an adequate capital structure. Requires the Comptroller to approve or deny applications expeditiously. Prohibits an Internet creditor from being owned or controlled by any person unless that person meets certain criteria. Directs the Comptroller to ensure that Internet creditors only provide loans and other financial products or servic…