Summary: S.1642 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.1642. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (07/27/2017)

Protecting Consumers' Access to Credit Act of 2017

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.