Summary: H.R.5050 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.5050. Bill summaries are authored by CRS.

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Introduced in House (11/12/2019)

Veterans and Consumers Fair Credit Act

This bill applies certain military consumer credit protections to all consumers. Specifically, the bill caps the interest rate on consumer credit loans (e.g., payday loans and vehicle title loans) at 36%.