H.R. 3299 · 115th Congress
Protecting Consumers' Access to Credit Act of 2017
- Stage
- Passed a chamber
- Sponsor
- Patrick McHenry
- Introduced
- 2017-07-19
- Latest action
- 2018-02-15 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summary
(This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.)
Protecting Consumers' Access to Credit Act of 2017
(Sec. 3) This bill amends the Revised Statutes, the Home Owners' Loan Act, the Federal Credit Union Act, and the Federal Deposit Insurance Act to state that bank loans that are valid when made as to their maximum rate of interest in accordance with federal law shall remain valid with respect to that rate regardless of whether a bank has subsequently sold or assigned the loan to a third party.