Search Results for keywords:"credit reporting"

Search Results: keywords:"credit reporting"

H. R. 10241 — To amend the Small Business Act to optimize the operations of the microloan program, lower costs for small business concerns and intermediary participants in the program, and for other purposes.
💰
November 21, 2024
Status:Introduced in House
Congress:118
Words:983
The bill, known as the “Microloan Improvement Act of 2024,” proposes changes to the Small Business Act to enhance the microloan program. It aims to increase the maximum amount for intermediaries to $10,000 and allows for fixed-rate lines of credit. The bill also seeks to extend repayment...
Simple Explanation
The bill called the "Microloan Improvement Act of 2024" is like a helper for small businesses to get more money and pay it back over a longer time. It also tries to share money more fairly with places that don't usually get enough help.
H. R. 7857 — To require the Director of the Federal Housing Finance Agency to issue a rule to condition the purchase of a residential mortgage loan on the delivery of credit reports and credit scores from each consumer reporting agency that compiles and maintains files on consumers on a nationwide basis, and for other purposes.
April 02, 2024
Status:Introduced in House
Congress:118
Words:609
H.R. 7857, also known as the “Accurate Credit Reporting for Homebuyers Act,” aims to improve the process of buying houses by ensuring accurate credit information is considered. It requires the Director of the Federal Housing Finance Agency to issue a rule that conditions the...
Simple Explanation
H.R. 7857 is a rule that wants to help people buying houses by making sure all the right credit info is used, just like checking all your grades before getting a prize. It asks big companies to collect a credit report and score from every big credit agency before you can get a mortgage to buy a home, so everything is fair and correct.
H. R. 8461 — To amend the Higher Education Act of 1965 to direct the Secretary of Education to carry out a program under which an institution of higher education may elect to cosign Federal student loans made to students attending the institution, and for other purposes.
May 17, 2024
Status:Introduced in House
Congress:118
Words:1,334
H.R. 8461, titled the "Student Loan Reform Act," seeks to change the way student loans work in the United States. It proposes allowing colleges and universities to cosign federal student loans alongside students. This means institutions would share the responsibility for repaying the loans if...
Simple Explanation
Schools might help students pay their government loans by signing with them, but if the student can't pay, the school will help with the payments too. This plan also tries to make loan costs lower and figures out which schools want to be a part of this.

Showing 1 to 3 of 3 results