HR 2324 · 116th Congress · Finance and Financial Sector

Protections in Consumer Lending Act

Introduced 2019-04-15· Sponsored by Rep. Garcia, Jesus G. "Chuy" [D-IL-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2019-04-15)

Plain Language Summary

[AI summary unavailable — showing source text] Protections in Consumer Lending Act This bill requires creditors to collect specified demographic information regarding applicants for certain credit transactions (e.g., automobile loans, credit cards, and payday loans) and the outcomes of these applications. The creditor must report this information to the Consumer Financial Protection Bureau (CFPB). The CFPB must use this information to determine whether a creditor is engaging in discriminatory practices and may take enforcement action.…

Summarized by Claude AI · Non-partisan · For informational purposes only