H.R.2871 - Payday Loan Reform Act of 2007 Sponsor: Tom Udall / 110th Congress

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Title
110th Congress - To amend the Truth in Lending Act and the Federal Deposit Insurance Act to prohibit payday loans based on checks drawn on, or authorized withdrawals from, depository institutions and to prohibit insured depository institutions from making payday loans, and for other purposes. hidemore...
Summary
To amend the Truth in Lending Act and the Federal Deposit Insurance Act to prohibit payday loans based on checks drawn on, or authorized withdrawals from, depository institutions and to prohibit insured depository institutions from making payday loans, and for other purposes. (by CRS)
Status
The bill has been introduced.

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