H. R. 1658 aims to amend the Truth in Lending Act to enhance consumer protections related to lending and electronic fund transfers. It restricts the use of unauthorized checks and requires lenders offering small-dollar loans to register with the Bureau. Additionally, it bans...
Simple Explanation
H. R. 1658 wants to make borrowing money safer for people by stopping sneaky charges and making rules to keep their money safe, especially for small loans and prepaid cards, while also figuring out how lending affects Native American areas.