Search Results for keywords:"bureau of consumer financial protection"

Search Results: keywords:"bureau of consumer financial protection"

S. J. RES. 70 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to Credit Card Penalty Fees (Regulation Z).
April 08, 2024
Status:Introduced in Senate
Congress:118
Words:266
S. J. RES. 70 is a joint resolution that aims to formally disapprove a rule issued by the Bureau of Consumer Financial Protection. This rule pertains to "Credit Card Penalty Fees," also known as Regulation Z. By passing this resolution, Congress intends to nullify the rule,...
Simple Explanation
S. J. RES. 70 is a decision by Congress to say "no" to a new rule about penalty fees for credit cards, which means they want to stop it from being used. They don't explain why, but they think it's a good idea to prevent this rule from affecting people.
H. J. RES. 201 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders.
August 30, 2024
Status:Introduced in House
Congress:118
Words:207
H. J. RES. 201 is a proposal for Congress to disapprove a specific rule from the Bureau of Consumer Financial Protection. This rule, published on July 8, 2024, concerns the "Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders." If Congress passes...
Simple Explanation
H. J. RES. 201 is like saying, "Hey, we don't want this new rule about a special list of companies to matter anymore," and if Congress agrees, then the rule will be gone.
H. R. 9877 — To impose limitations on the amount of unobligated balances of the Bureau of Consumer Financial Protection, and for other purposes.
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September 27, 2024
Status:Introduced in House
Congress:118
Words:323
H.R. 9877, titled the "CFPB Budget Integrity Act," aims to limit the amount of unobligated funds, which are funds that have not yet been spent, within the Bureau of Consumer Financial Protection. The bill proposes that the unused funds should not exceed 5% of a specific...
Simple Explanation
The "CFPB Budget Integrity Act" is a bill that wants to make sure that a special group in charge of protecting people with money things doesn’t hold on to too much unspent money—just like how you can't keep too much leftover candy, or you have to give it back! If they have more than allowed, it goes back to the big piggy bank called the U.S. Treasury.
H. R. 8338 — To regulate small-dollar, short-term credit products, to protect the privacy of lenders, and to improve the unfair, deceptive, or abusive acts or practices authority of the Bureau of Consumer Financial Protection, and for other purposes.
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May 10, 2024
Status:Introduced in House
Congress:118
Words:3,815
The "Clarity in Lending Act," known as H.R. 8338, aims to regulate small-dollar, short-term loans to protect both consumers and lenders. It introduces safety measures for consumers, such as prohibiting certain loan practices and requiring good faith underwriting, while alleviating potential...
Simple Explanation
The "Clarity in Lending Act" is like a rulebook that helps people understand and be safe with small loans, making sure the rules are fair for everyone and protect people's secrets. It also gives people who lend money clear rules on what they can or can't do, helping everyone play fair and follow the rules.
H. J. RES. 195 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to Truth in Lending (Regulation Z); Use of Digital User Accounts to Access Buy Now, Pay Later Loans.
August 02, 2024
Status:Introduced in House
Congress:118
Words:243
H. J. RES. 195 aims to nullify a rule put forward by the Bureau of Consumer Financial Protection. The rule in question involves the "Truth in Lending (Regulation Z)" and the use of digital user accounts for accessing Buy Now, Pay Later loans. This joint resolution expresses...
Simple Explanation
H. J. RES. 195 is like when someone says "no" to a new rule about how people can borrow money using special online accounts called "Buy Now, Pay Later." If the rule is stopped, it won't be used anymore.
H. J. RES. 122 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to Credit Card Penalty Fees (Regulation Z).
July 30, 2024
Status:Reported in House
Congress:118
Words:431
H. J. RES. 122 seeks to disapprove a rule established by the Bureau of Consumer Financial Protection regarding "Credit Card Penalty Fees," also known as Regulation Z. It was introduced in the House of Representatives by Mr. Barr and other members and has been referred to the...
Simple Explanation
Congress is talking about a rule that deals with fees when people don't pay their credit card bills on time. Some members of Congress want this rule to be canceled, so it doesn't start.
H. R. 8143 — To establish requirements relating to credit scores and educational credit scores, and for other purposes.
April 29, 2024
Status:Introduced in House
Congress:118
Words:6,050
H.R. 8143, known as the "Free Credit Scores for Consumers Act of 2024," aims to improve transparency and accessibility regarding credit scores for consumers. The bill mandates that consumer reporting agencies provide free credit scores and educational credit scores alongside...
Simple Explanation
H.R. 8143 is a bill that would make sure people can see their credit scores for free, teaching them what these scores mean and how to make them better, so they understand their credit better without having to pay extra money.
H. J. RES. 122 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to Credit Card Penalty Fees (Regulation Z).
March 29, 2024
Status:Introduced in House
Congress:118
Words:217
H. J. RES. 122 aims to nullify a rule created by the Bureau of Consumer Financial Protection regarding credit card penalty fees, specifically under Regulation Z. Submitted to the House of Representatives by Mr. Barr and others, this resolution expresses Congress's disapproval...
Simple Explanation
This bill is like a big "No" from Congress saying they don't agree with a new rule about fees that people have to pay if they make mistakes with their credit cards. It means that if the bill passes, this rule can't be used anymore.
H. R. 9966 — To direct the Secretary of the Treasury and the Director of the Bureau of Consumer Financial Protection to establish the Interagency Task Force on Coerced Debt, and for other purposes.
October 11, 2024
Status:Introduced in House
Congress:118
Words:1,025
H. R. 9966, known as the "Task Force to End Financial Abuse Act of 2024," aims to combat coerced debt, a form of economic abuse common in abusive relationships. The bill proposes the creation of the Interagency Task Force on Coerced Debt, co-chaired by the Secretary of the...
Simple Explanation
H. R. 9966 wants to make a group of smart people look at how mean people sometimes use money to hurt others in relationships. These smart people will work together for a year, think of ways to stop this, write it all down, and then finish their job.
H. R. 7428 — To regulate the business of offering and providing earned wage access services to consumers, and for other purposes.
February 20, 2024
Status:Introduced in House
Congress:118
Words:2,447
H.R. 7428, also known as the "Earned Wage Access Consumer Protection Act," aims to regulate services that allow people to access their earned wages before the usual payday. The bill sets rules for how these services can operate, including requirements for transparency in fees...
Simple Explanation
The bill is like a set of rules for companies that let people get paid early. It wants to make sure everything is fair, such as telling people any costs, and making sure it's safe to use without any tricks.
H. R. 8922 — To require the Director of the Bureau of Consumer Financial Protection to issue a final rule requiring any card issuer that issues a pre-approved credit card to a senior citizen to provide fraud alerts to certain individuals, and for other purposes.
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July 02, 2024
Status:Introduced in House
Congress:118
Words:1,124
H.R. 8922, titled the "Janie Wynn Protecting Elders from Financial Exploitation Act," seeks to protect senior citizens from financial fraud related to pre-approved credit cards. It mandates the Bureau of Consumer Financial Protection to create a rule that requires card issuers to provide...
Simple Explanation
The "Janie Wynn Protecting Elders from Financial Exploitation Act" is a rule that wants credit card companies to help protect older people from being tricked or losing their money by sending alerts when something strange happens with their credit card or bank account. It also wants bank workers to learn how to spot when someone might be trying to take advantage of a senior's money.
S. 3541 — To amend the Federal Financial Institutions Examination Council Act of 1978 to improve the examination of depository institutions, and for other purposes.
December 14, 2023
Status:Introduced in Senate
Congress:118
Words:2,664
S. 3541 aims to improve the examination process for banks and credit unions in the United States by amending the Federal Financial Institutions Examination Council Act of 1978. The bill ensures that financial institutions receive timely final examination reports and...
Simple Explanation
The bill wants to make sure that people who check on banks and credit unions do a good job, and if someone has a complaint about the check-ups, there’s a special office to help them out. It also makes sure that the banks can't get in trouble for asking questions or disagreements during these check-ups.
H. R. 9303 — To amend the Electronic Fund Transfer Act to treat fraudulently induced electronic fund transfers in the same manner as unauthorized electronic fund transfers, and for other purposes.
August 02, 2024
Status:Introduced in House
Congress:118
Words:1,499
H.R. 9303 aims to amend the Electronic Fund Transfer Act by treating fraudulently induced electronic fund transfers the same way as unauthorized transfers. This bill updates definitions and consumer protections, ensuring better liability sharing between financial...
Simple Explanation
H.R. 9303 wants to make sure that when someone tricks you into sending money online, it should be treated the same way as if someone stole your money without you knowing, so banks have to help get your money back.
S. 4455 — To amend the Fair Credit Reporting Act to prohibit consumer reporting agencies from furnishing consumer reports containing adverse items of information about a consumer that resulted from that consumer being unlawfully or wrongfully detained abroad or held hostage abroad.
June 04, 2024
Status:Introduced in Senate
Congress:118
Words:748
S. 4455 aims to change the Fair Credit Reporting Act by stopping credit agencies from including bad credit information about U.S. nationals who have been unlawfully detained or taken hostage abroad. It requires consumer reporting agencies to remove any adverse items from the...
Simple Explanation
S. 4455 wants to help people who got into trouble because they were kept or trapped in another country by making sure their bad credit information isn’t shown by credit companies if they can prove what happened. This means if they have papers showing their hardship, credit companies must take away the bad reports about them.
S. 3720 — To amend the Consumer Credit Protection Act to provide for additional requirements for land installment contract transactions.
February 01, 2024
Status:Introduced in Senate
Congress:118
Words:1,389
S. 3720 aims to amend the Consumer Credit Protection Act to provide more regulations and protections for people involved in land installment contract transactions. These contracts are a type of agreement where someone can buy residential property by paying in installments...
Simple Explanation
The bill wants to make sure people buying a house through special payment plans are treated fairly and protected everywhere in the country. It asks for these deals to be officially recorded, so buyers don't lose their rights and get the same protection no matter where they live.
H. J. RES. 190 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to Truth in Lending (Regulation Z); Use of Digital User Accounts to Access Buy Now, Pay Later Loans.
July 18, 2024
Status:Introduced in House
Congress:118
Words:235
H. J. RES. 190 seeks to reverse a rule established by the Bureau of Consumer Financial Protection. This rule relates to the "Truth in Lending (Regulation Z)" and involves using digital user accounts to access "Buy Now, Pay Later" loans. The joint resolution proposes that this...
Simple Explanation
Congress wants to undo a rule about using online accounts to take out "Buy Now, Pay Later" loans, saying it should not count anymore. This means the rule would stop working, but it's not clear why they are doing this or what happens next for people using those loans.
H. R. 9679 — To amend the Truth in Lending Act to address certain issues relating to the extension of consumer credit, and for other purposes.
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September 19, 2024
Status:Introduced in House
Congress:118
Words:2,541
H. R. 9679, titled the "SAFE Lending Act of 2024," aims to amend the Truth in Lending Act to improve consumer protections in the extension of credit. It proposes new rules to limit the use of unauthorized remotely created checks, enhance transparency and consumer empowerment in small-dollar...
Simple Explanation
The "SAFE Lending Act of 2024" tries to make borrowing money safer by setting rules to stop sneaky tricks and hidden fees, and it wants to make it clearer and fairer when people get small loans.
S. 4943 — To amend the Electronic Fund Transfer Act to treat fraudulently induced electronic fund transfers in the same manner as unauthorized electronic fund transfers, and for other purposes.
August 01, 2024
Status:Introduced in Senate
Congress:118
Words:1,513
S. 4943 aims to amend the Electronic Fund Transfer Act to ensure that electronic fund transfers induced by fraud are treated the same way as unauthorized transfers. It updates definitions and establishes shared liability between financial institutions when such transfers...
Simple Explanation
S. 4943 wants to make sure that when someone tricks you into sending money online, it's treated the same way as if someone stole from you, helping to protect people from scammers by making banks share the blame if they mess up.
S. 4521 — To amend the Consumer Financial Protection Act of 2010 to subject the Bureau of Consumer Financial Protection to the regular appropriations process, and for other purposes.
June 12, 2024
Status:Introduced in Senate
Congress:118
Words:703
S. 4521 aims to change how the Bureau of Consumer Financial Protection is funded by making it go through the regular appropriations process, similar to other government agencies. The bill amends Section 1017 of the Consumer Financial Protection Act of 2010 by removing certain...
Simple Explanation
S. 4521 is a bill that wants the Bureau of Consumer Financial Protection to get money like other parts of the government, by asking for it each year. It also wants any extra money they get from fines to go to the big money pot the government uses.
H. J. RES. 121 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to Credit Card Penalty Fees (Regulation Z).
March 26, 2024
Status:Introduced in House
Congress:118
Words:196
H. J. RES. 121 is a joint resolution that expresses Congress's disapproval of a specific rule issued by the Bureau of Consumer Financial Protection. This rule concerns "Credit Card Penalty Fees (Regulation Z)" and was published in the Federal Register on March 15, 2024. By passing this...
Simple Explanation
Congress is saying, "No" to a new rule about extra fees on credit cards, and they want to make sure this rule doesn't become real so people and banks don't have to worry about it.
S. 3592 — To amend the Consumer Financial Protection Act of 2010 to clarify the authority of the Bureau of Consumer Financial Protection with respect to persons regulated by a State insurance regulator, and for other purposes.
January 16, 2024
Status:Introduced in Senate
Congress:118
Words:484
The bill, S. 3592, aims to amend the Consumer Financial Protection Act of 2010 to clarify the role and authority of the Bureau of Consumer Financial Protection. Specifically, it outlines limitations on the Bureau's authority when dealing with individuals regulated by State...
Simple Explanation
The bill is about making sure the people who check on insurance companies in each state are the ones really in charge, not a big office in the government, especially when it comes to rules that protect people buying insurance. This means the state's rules are more important in these cases.
H. R. 7359 — To provide a framework for the Bureau of Consumer Financial Protection and the Department of Education to coordinate in providing assistance to and serving borrowers seeking to resolve complaints related to their private education or Federal student loans, and for other purposes.
February 14, 2024
Status:Introduced in House
Congress:118
Words:2,488
H.R. 7359 aims to create a system for the Bureau of Consumer Financial Protection and the Department of Education to work together to help students with complaints about their private or federal student loans. The bill encourages sharing information between the two agencies...
Simple Explanation
H.R. 7359 is a plan to help two big helpers, the Bureau of Consumer Financial Protection and the Department of Education, work better together to assist students who have problems with their school loans. They will share information safely and decide who handles different types of problems, but they must keep private things secret.
H. R. 8338 — To regulate small-dollar, short-term credit products, to protect the privacy of lenders, and to improve the unfair, deceptive, or abusive acts or practices authority of the Bureau of Consumer Financial Protection, and for other purposes.
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December 03, 2024
Status:Reported in House
Congress:118
Words:3,910
The Clarity in Lending Act aims to regulate small-dollar, short-term credit products while ensuring the privacy of lenders and improving the enforcement authority of the Bureau of Consumer Financial Protection. It establishes a "safe harbor" for certain credit products that...
Simple Explanation
The Clarity in Lending Act is like a set of rules to make sure small loans, like the kind people might need for a quick bit of money, are fair and safe for everyone. It also makes sure that people's private financial information is kept safe and that companies can't do sneaky or unfair things with loans.
H. R. 10036 — To reform the civil investigative demand process of the Bureau of Consumer Financial Protection.
October 25, 2024
Status:Introduced in House
Congress:118
Words:792
H. R. 10036 aims to reform the civil investigative demand process of the Bureau of Consumer Financial Protection. The bill proposes changes such as setting a six-year time limit for initiating demands, requiring specific facts in demands, and allowing attorneys to ask questions about the...
Simple Explanation
This bill wants to change how a special group checks if companies are following the rules to protect people. It sets a time limit for finding problems, makes sure the group explains their questions clearly, and lets lawyers ask about the questions if they're confusing.
H. R. 8142 — To require the Bureau of Consumer Financial Protection to conduct an assessment of the use of certain educational data in determining the creditworthiness of an applicant, and for other purposes.
April 29, 2024
Status:Introduced in House
Congress:118
Words:737
H. R. 8142 aims to have the Bureau of Consumer Financial Protection evaluate how educational data is used when deciding if someone is creditworthy. The bill requires an annual assessment in collaboration with other agencies and civil rights groups, focusing on whether this...
Simple Explanation
H. R. 8142 wants to check how schools' information is used to decide if people deserve loans, to make sure it's fair and doesn't discriminate against anyone. They will look into this every year, tell everyone what they find out, and watch out for companies that might be unfairly using this information.
H. R. 7000 — To amend the Consumer Financial Protection Act of 2010 to clarify the authority of the Bureau of Consumer Financial Protection with respect to persons regulated by a State insurance regulator, and for other purposes.
January 16, 2024
Status:Introduced in House
Congress:118
Words:453
H.R. 7000, titled the "Business of Insurance Regulatory Reform Act of 2024," seeks to amend the Consumer Financial Protection Act of 2010. The bill aims to clarify the limits of the Bureau of Consumer Financial Protection's authority over individuals regulated by state...
Simple Explanation
The Business of Insurance Regulatory Reform Act of 2024 is a rule that says when it comes to money laws, the people who watch over insurance in each state are more in charge than the big boss in Washington, D.C., that usually keeps an eye on money matters.
S. 3549 — To amend the Truth in Lending Act to extend the consumer credit protections provided to members of the Armed Forces and their dependents under title 10, United States Code, to all consumers.
December 14, 2023
Status:Introduced in Senate
Congress:118
Words:1,596
S. 3549, titled the “Predatory Lending Elimination Act,” proposes to extend consumer credit protections currently provided to members of the Armed Forces and their families to all consumers in the United States. The bill seeks to amend the Truth in Lending Act to impose similar limitations on...
Simple Explanation
The Predatory Lending Elimination Act wants to make sure that everyone has the same rules that protect soldiers and their families from getting unfair deals when borrowing money, like making sure loans aren't too expensive and can't trick people with extra charges. It even lets states make their own stronger rules if they want, and helps them work with national rules to keep people safe.
H. R. 6789 — To amend the Consumer Financial Protection Act of 2010 to clarify standards for UDAAP enforcement actions brought by the Bureau of Consumer Financial Protection, and for other purposes.
December 14, 2023
Status:Introduced in House
Congress:118
Words:1,829
H.R. 6789, also known as the "Rectifying UDAAP Act," aims to amend the Consumer Financial Protection Act of 2010 by refining the Bureau of Consumer Financial Protection's (CFPB) standards for enforcing rules against unfair, deceptive, or abusive acts or practices (UDAAP). The bill mandates...
Simple Explanation
This bill wants to make the rules easier to understand for when companies treat people unfairly or trick them with money matters, and it asks them to fix problems before getting into trouble.
H. J. RES. 220 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to Debt Collection Practices (Regulation F); Deceptive and Unfair Collection of Medical Debt.
November 13, 2024
Status:Introduced in House
Congress:118
Words:217
H. J. RES. 220 is a joint resolution proposed in the United States House of Representatives on November 13, 2024. It aims to disapprove and nullify a rule established by the Bureau of Consumer Financial Protection. This rule, related to "Debt Collection Practices (Regulation...
Simple Explanation
In H. J. RES. 220, some people in the U.S. government say they don't want a new rule about collecting money people owe on medical bills to be used because they think it's not fair. They want to make sure this rule doesn't count anymore.

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