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115-hr-3760115th Congress
Protecting Consumers from Unreasonable Credit Rates Act of 2017
Sponsored By: Representative Cartwright, Matt [D-PA-8]
Unknown
Summary
Protecting Consumers from Unreasonable Credit Rates Act of 2017 This bill amends the Truth in Lending Act to prohibit a creditor from extending credit to a consumer under an open end consumer credit plan (credit card) for which the fee and interest rate exceeds 36%. The bill also sets forth criminal penalties for violations and empowers state Attorneys General to enforce the bill. Credit card billing statements must include the fee and interest rate, displayed as "FAIR," instead of the total finance charge expressed as an annual percentage rate (APR).
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Cartwright, Matt [D-PA-8]
PA • D
Cosponsors
Rep. Cohen, Steve [D-TN-9]
TN • D
Sponsored 9/13/2017
Rep. Lynch, Stephen F. [D-MA-8]
MA • D
Sponsored 9/13/2017
MICHAEL CAPUANO
MA • D
Sponsored 9/13/2017
Rep. Jackson Lee, Sheila [D-TX-18]
TX • D
Sponsored 9/13/2017
Rep. Kelly, Robin L. [D-IL-2]
IL • D
Sponsored 9/13/2017
ELIJAH CUMMINGS
MD • D
Sponsored 9/13/2017
Rep. Langevin, James R. [D-RI-2]
RI • D
Sponsored 9/13/2017
Rep. Tsongas, Niki [D-MA-3]
MA • D
Sponsored 9/13/2017
Del. Norton, Eleanor Holmes [D-DC-At Large]
DC • D
Sponsored 9/13/2017
Rep. Ellison, Keith [D-MN-5]
MN • D
Sponsored 9/13/2017
Rep. Pocan, Mark [D-WI-2]
WI • D
Sponsored 9/13/2017
Rep. Clark, Katherine M. [D-MA-5]
MA • D
Sponsored 9/13/2017
Rep. Schakowsky, Janice D. [D-IL-9]
IL • D
Sponsored 9/13/2017
Rep. Takano, Mark [D-CA-39]
CA • D
Sponsored 9/13/2017
Rep. Price, David E. [D-NC-4]
NC • D
Sponsored 9/13/2017
Rep. Eshoo, Anna G. [D-CA-16]
CA • D
Sponsored 9/13/2017
Rep. Grijalva, Raúl M. [D-AZ-7]
AZ • D
Sponsored 9/25/2017
Rep. Yarmuth, John A. [D-KY-3]
KY • D
Sponsored 10/25/2017
Rep. DeSaulnier, Mark [D-CA-10]
CA • D
Sponsored 11/3/2017
Rep. DeFazio, Peter A. [D-OR-4]
OR • D
Sponsored 11/9/2017
Rep. Pingree, Chellie [D-ME-1]
ME • D
Sponsored 11/16/2017
Rep. Lofgren, Zoe [D-CA-18]
CA • D
Sponsored 5/9/2018
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov