US SB1205 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on April 11 2019 - 25% progression, died in committee
Action: 2019-04-11 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 11 2019 - 25% progression, died in committee
Action: 2019-04-11 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requires creditors to collect specified demographic information regarding applicants for certain credit transactions (e.g., automobile loans, credit cards, and payday loans) and the outcomes of these applications. The creditor must report this information to the Consumer Financial Protection Bureau (CFPB). The CFPB must use this information to determine whether a creditor is engaging in discriminatory practices and may take enforcement action.
Title
Protections in Consumer Lending Act
Sponsors
| Sen. Kirsten Gillibrand [D-NY] | Sen. Amy Klobuchar [D-MN] | Sen. Ron Wyden [D-OR] | Sen. Richard Blumenthal [D-CT] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-04-11 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
HB2324 (Related) 2019-04-15 - Referred to the House Committee on Financial Services.
Subjects
Age discrimination
Business records
Congressional oversight
Consumer credit
Credit and credit markets
Finance and financial sector
Government information and archives
Marriage and family status
Racial and ethnic relations
Right of privacy
Sex, gender, sexual orientation discrimination
Business records
Congressional oversight
Consumer credit
Credit and credit markets
Finance and financial sector
Government information and archives
Marriage and family status
Racial and ethnic relations
Right of privacy
Sex, gender, sexual orientation discrimination
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/1205/all-info |
| Text | https://www.congress.gov/116/bills/s1205/BILLS-116s1205is.pdf |
