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Titles (2)

Short Titles

Short Titles - Senate

Short Titles as Introduced

Justice for Victims of Fraud Act of 2017

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to amend the Truth in Lending Act and the Electronic Fund Transfer Act to provide justice to victims of fraud.

Actions Overview (1)

03/07/2017Introduced in Senate

All Actions (1)

03/07/2017Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Action By: Senate

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Banking, Housing, and Urban Affairs03/07/2017 Referred to

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Subjects (5)

Latest Summary (1)

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Introduced in Senate (03/07/2017)

Justice for Victims of Fraud Act of 2017

This bill amends the Truth in Lending Act and the Electronic Fund Transfer Act to prohibit predispute arbitration agreements with consumers (i.e., agreements to arbitrate any future disputes between parties instead of pursuing the claims in court) from being valid or enforceable in disputes related to credit card accounts or personal bank accounts that are not subject to a final judgment by a court if the credit card or bank account was not issued in response to a request or application for that account.

The bill excludes from this prohibition accounts held by a financial institution pursuant to a bona fide trust agreement.