H.R.2672 - Helping Expand Lending Practices in Rural Communities Act113th Congress (2013-2014)
|Sponsor:||Rep. Barr, Andy [R-KY-6] (Introduced 07/11/2013)|
|Committees:||House - Financial Services|
|Latest Action:||09/16/2014 Committee on Banking, Housing, and Urban Affairs. Hearings held.|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
Summary: H.R.2672 — 113th Congress (2013-2014)All Bill Information (Except Text)
Passed House amended (05/06/2014)
Helping Expand Lending Practices in Rural Communities Act - Directs the Consumer Financial Protection Bureau (CFPB) to establish an application process under which a person who lives or does business in a state may apply to have an area in the state identified as a rural area if it has not yet been so designated by the CFPB for purposes of federal consumer financial law.
Prescribes criteria for the CFPB to consider when evaluating the application.
Requires the CFPB to: (1) grant or deny the application within 90 days after the public comment period ends; and (3) publish the grant or denial in the Federal Register, including an explanation of the factors upon which the CFPB relied in making its determination.
Sunsets this Act two years after its date of enactment.