Senate bill S3549-118

Banking, Housing, and Urban Affairs Committee

Predatory Lending Elimination Act

• Last activity on Dec 14, 2023

• Introduced Dec 14, 2023

• By Sen. Reed, Jack [D-RI]

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Predatory Lending Elimination Act

This bill applies certain military consumer credit protections to all consumers. Specifically, the bill caps the interest rate on extensions of consumer credit at 36%.

Senate Actions

IntroReferral
Dec. 14 2023	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S5999-6000)

Library of Congress Actions

IntroReferral
Dec. 14 2023	Introduced in Senate

Senate bill S3549-118

Predatory Lending Elimination Act

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