Search Results for keywords:"consumer financial protection act"

Search Results: keywords:"consumer financial protection act"

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. R. 7947 — To protect State and Federal courts’ primary and inherent authority to regulate and oversee the legal profession by prohibiting Federal agencies from regulating licensed attorneys and law firms engaged in litigation activities, prohibiting opposing parties in legal actions from bringing private rights of action against such attorneys and law firms for their litigation activities, and for other purposes.
April 11, 2024
Status:Introduced in House
Congress:118
Words:2,282
H.R. 7947 is designed to uphold the authority of state and federal courts over the legal profession by preventing federal agencies from regulating attorneys and law firms involved in litigation activities. The bill stipulates that these attorneys and law firms should only be...
Simple Explanation
H.R. 7947 is a bill that wants to make sure only special state courts, and not other parts of the government, can tell lawyers what to do when they go to court. It also says people can't sue the other side's lawyer for what they do in court.
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.
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. 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.
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. 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. 8740 — To amend the Consumer Financial Protection Act of 2010 to direct the Office of Community Affairs to identify causes leading to, and solutions for, under-banked, un-banked, and underserved consumers, and for other purposes.
June 13, 2024
Status:Introduced in House
Congress:118
Words:266
H.R. 8740 seeks to change the Consumer Financial Protection Act of 2010 by assigning new responsibilities to the Office of Community Affairs. The office will research and find solutions for people who don't use banks or have limited access to banking services. This includes...
Simple Explanation
H.R. 8740 wants to help people who don't use banks by having a special office find out why and how to help them, but it doesn't say how much money they'll need or how they'll protect people's information.

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