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S. 500 - Protecting Consumers from Unreasonable Credit Rates Act of 2009

Predatory Lending, Loansharking, Usury - Finance and financial sector. 111th Congress (2009-2010) View bill details
Sponsor:
Summary:
A bill to amend the Truth in Lending Act to establish a national usury rate for consumer credit transactions. (by CRS) 
Status:
The bill has been introduced. 
There have been no votes on this bill.

Protecting Consumers from Unreasonable Credit Rates Act of 2009

S. 500 — 111th Congress (2009–2010)

Keywords
Predatory Lending, Loansharking, Usury
Summary
A bill to amend the Truth in Lending Act to establish a national usury rate for consumer credit transactions. (by CRS)
Learn More
At OpenCongress
Title
A bill to amend the Truth in Lending Act to establish a national usury rate for consumer credit transactions.
Other Titles
  • Protecting Consumers from Unreasonable Credit Rates Act of 2009
Sponsor
Richard Durbin
Co-Sponsors
Subjects
  • Finance and financial sector
  • Civil actions and liability
  • Consumer credit
  • Fraud offenses and financial crimes
  • Interest, dividends, interest rates
Related Bills
Major Actions
Introduced2/26/2009
Referred to Committee
Bill History

There have been no votes on this bill.

ActionDateDescription
Introduced2/26/2009
2/26/2009Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2/26/2009Sponsor introductory remarks on measure. (CR S2570-2571, S2572-2573)
NumberSponsorDate OfferedStatus

Total contributions given to Senators from interest groups that…

supported this bill

Banks & lending institutions [About]
Minority/Ethnic Groups [About]
Health & welfare policy [About]
29% more
$399,600
$2,324,322
$1,152,022
$3,875,944
$3,002,660
$3,002,660
Credit agencies & finance companies [About]
17 Organizations Supported and 2 Opposed; See Which Ones
17 Organizations Supported and 2 Opposed; See Which Ones

Organizations that took a position on
Protecting Consumers from Unreasonable Credit Rates Act of 2009

17 organizations supported this bill

ACORN
(2009, March 2). 100+ Diverse National and State Groups Support Durbin/Speier FAIR Bill. Retrieved March 30, 2009, from .
Americans for Fairness in Lending
(2009, March 2). 100+ Diverse National and State Groups Support Durbin/Speier FAIR Bill. Retrieved March 30, 2009, from .
Center for Responsible Lending
(2009, March 2). 100+ Diverse National and State Groups Support Durbin/Speier FAIR Bill. Retrieved March 30, 2009, from .
Consumer Action
(2009, March 2). 100+ Diverse National and State Groups Support Durbin/Speier FAIR Bill. Retrieved March 30, 2009, from .
Consumer Federation of America
(2009, March 2). 100+ Diverse National and State Groups Support Durbin/Speier FAIR Bill. Retrieved March 30, 2009, from .
Consumers for Auto Reliability and Safety
(2009, March 2). 100+ Diverse National and State Groups Support Durbin/Speier FAIR Bill. Retrieved March 30, 2009, from .
Consumers Union
(2009, March 2). 100+ Diverse National and State Groups Support Durbin/Speier FAIR Bill. Retrieved March 30, 2009, from .
Jewish Council for Public Affairs
(2009, March 2). 100+ Diverse National and State Groups Support Durbin/Speier FAIR Bill. Retrieved March 30, 2009, from .
National Association for the Advancement of Colored People
(2009, March 2). 100+ Diverse National and State Groups Support Durbin/Speier FAIR Bill. Retrieved March 30, 2009, from .
National Association of Consumer Advocates
(2009, March 2). 100+ Diverse National and State Groups Support Durbin/Speier FAIR Bill. Retrieved March 30, 2009, from .
National Community Reinvestment Coalition
(2009, March 2). 100+ Diverse National and State Groups Support Durbin/Speier FAIR Bill. Retrieved March 30, 2009, from .
National Congress of American Indians
(2009, March 2). 100+ Diverse National and State Groups Support Durbin/Speier FAIR Bill. Retrieved March 30, 2009, from .
National Consumer Law Center
(2009, March 2). 100+ Diverse National and State Groups Support Durbin/Speier FAIR Bill. Retrieved March 30, 2009, from .
National Fair Housing Alliance
(2009, March 2). 100+ Diverse National and State Groups Support Durbin/Speier FAIR Bill. Retrieved March 30, 2009, from .
Public Citizen
(2009, March 2). 100+ Diverse National and State Groups Support Durbin/Speier FAIR Bill. Retrieved March 30, 2009, from .
U.S. PIRG
(2009, March 2). 100+ Diverse National and State Groups Support Durbin/Speier FAIR Bill. Retrieved March 30, 2009, from .
Woodstock Institute
(2009, March 2). 100+ Diverse National and State Groups Support Durbin/Speier FAIR Bill. Retrieved March 30, 2009, from .

2 organizations opposed this bill

American Financial Services Association
(2009, February 27). Statement from Chris Stinebert. Retrieved March 30, 2009, from .
Community Financial Services Association of America
(2009, March 4). Talking Points for the Payday Advance Industry (S. 500). Retrieved March 30, 2009, from .

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Includes reported contributions to congressional campaigns of Senators in office during the 111th U.S. Congress, from interest groups invested in the vote according to MapLight, January 1, 2005 – December 31, 2010.
Contributions data source: OpenSecrets.org

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Contributions by Legislator

Namesort iconPartyState$ From Interest Groups
That Supported		$ From Interest Groups
That Opposed
Daniel K. AkakaDHI$24,490$500
Andrew Lamar AlexanderRTN$47,800$19,750
John BarrassoRWY$5,700$0
Max BaucusDMT$57,450$67,050
Birch "Evan" BayhDIN$26,150$49,700
Mark BegichDAK$14,225$0
Michael BennetDCO$23,100$31,034
Bob BennettRUT$22,275$104,000
Jesse "Jeff" BingamanDNM$22,133$8,000
Christopher "Kit" BondRMO$10,450$0
Barbara BoxerDCA$86,850$16,200
Sherrod BrownDOH$40,797$34,100
Sam BrownbackRKS$1,000$0
Jim BunningRKY$5,500$23,200
Richard BurrRNC$26,727$22,900
Roland BurrisDIL$0$0
Robert ByrdDWV$40,250$2,000
Maria CantwellDWA$47,200$14,243
Ben CardinDMD$53,100$9,000
Tom CarperDDE$25,900$102,120
Bob CaseyDPA$94,700$10,800
Clarence Saxby ChamblissRGA$73,675$41,100
Tom CoburnROK$15,150$29,450
William Thad CochranRMS$15,400$0
Susan CollinsRME$36,700$25,500
Gaylord Kent ConradDND$29,050$32,000
Bob CorkerRTN$123,075$62,679
John CornynRTX$78,550$41,450
Mike CrapoRID$21,424$64,400
Jim DeMintRSC$8,145$56,200
Chris DoddDCT$35,000$110,450
Byron DorganDND$1,300$4,900
Dick DurbinDIL$57,975$5,500
John EnsignRNV$24,500$28,750
Mike EnziRWY$14,600$35,500
Russ FeingoldDWI$34,665$2,900
Dianne FeinsteinDCA$39,800$13,550
Kirsten GillibrandDNY$58,806$33,050
Lindsey GrahamRSC$37,163$19,200
Chuck GrassleyRIA$33,000$27,500
Judd GreggRNH$0$0
Kay HaganDNC$8,950$250
Tom HarkinDIA$42,380$5,800
Orrin HatchRUT$29,300$29,000
Kay Bailey HutchisonRTX$86,850$11,000
Jim InhofeROK$51,375$500
Dan InouyeDHI$28,350$1,500
Johnny IsaksonRGA$59,050$38,900
Mike JohannsRNE$34,250$28,300
Tim JohnsonDSD$90,302$205,750
Ted KaufmanDDE$0$0
Ted KennedyDMA$39,550$13,450
John KerryDMA$24,250$6,900
Amy KlobucharDMN$79,463$8,800
Herb KohlDWI$0$0
Jon KylRAZ$82,275$56,343
Mary LandrieuDLA$42,900$42,150
Frank LautenbergDNJ$20,900$13,700
Patrick LeahyDVT$2,750$13,000
Carl LevinDMI$30,521$6,000
Joe LiebermanICT$108,400$65,270
Blanche LincolnDAR$40,133$20,900
Dick LugarRIN$34,325$10,200
Mel MartinezRFL$10,850$12,500
John McCainRAZ$27,200$12,650
Claire McCaskillDMO$41,000$7,000
Addison "Mitch" McConnellRKY$121,900$161,900
Bob MenéndezDNJ$129,620$45,902
Jeff MerkleyDOR$31,306$4,250
Barbara MikulskiDMD$11,250$0
Lisa MurkowskiRAK$19,300$7,400
Patty MurrayDWA$38,150$27,350
Earl "Ben" NelsonDNE$57,250$52,050
Clarence "Bill" NelsonDFL$49,849$52,400
Mark PryorDAR$38,950$36,350
John "Jack" ReedDRI$17,550$49,900
Harry ReidDNV$77,683$144,450
Jim RischRID$0$8,700
Charles "Pat" RobertsRKS$78,300$19,050
John "Jay" RockefellerDWV$20,550$2,300
Bernie SandersIVT$2,000$0
Chuck SchumerDNY$82,728$52,400
Jeff SessionsRAL$31,600$15,000
Jeanne ShaheenDNH$18,028$3,300
Richard ShelbyRAL$20,400$217,700
Olympia SnoweRME$31,370$6,500
Arlen SpecterDPA$75,420$35,200
Debbie StabenowDMI$40,580$36,800
Jon TesterDMT$7,370$20,000
John ThuneRSD$80,060$33,635
Mark UdallDCO$41,589$23,875
Tom UdallDNM$52,607$1,500
David VitterRLA$69,925$49,359
George VoinovichROH$11,900$2,750
Mark WarnerDVA$84,550$91,500
Jim WebbDVA$20,560$16,250
Sheldon WhitehouseDRI$24,900$3,600
Roger WickerRMS$40,500$8,000
Ron WydenDOR$19,100$14,750

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NamePartyState$ From Interest Groups
That Supported		$ From Interest Groups
That Opposed
Daniel K. AkakaDHI$24,490$500
Andrew Lamar AlexanderRTN$47,800$19,750
John BarrassoRWY$5,700$0
Max BaucusDMT$57,450$67,050
Birch "Evan" BayhDIN$26,150$49,700
Mark BegichDAK$14,225$0
Michael BennetDCO$23,100$31,034
Bob BennettRUT$22,275$104,000
Jesse "Jeff" BingamanDNM$22,133$8,000
Christopher "Kit" BondRMO$10,450$0
Barbara BoxerDCA$86,850$16,200
Sherrod BrownDOH$40,797$34,100
Sam BrownbackRKS$1,000$0
Jim BunningRKY$5,500$23,200
Richard BurrRNC$26,727$22,900
Roland BurrisDIL$0$0
Robert ByrdDWV$40,250$2,000
Maria CantwellDWA$47,200$14,243
Ben CardinDMD$53,100$9,000
Tom CarperDDE$25,900$102,120
Bob CaseyDPA$94,700$10,800
Clarence Saxby ChamblissRGA$73,675$41,100
Tom CoburnROK$15,150$29,450
William Thad CochranRMS$15,400$0
Susan CollinsRME$36,700$25,500
Gaylord Kent ConradDND$29,050$32,000
Bob CorkerRTN$123,075$62,679
John CornynRTX$78,550$41,450
Mike CrapoRID$21,424$64,400
Jim DeMintRSC$8,145$56,200
Chris DoddDCT$35,000$110,450
Byron DorganDND$1,300$4,900
Dick DurbinDIL$57,975$5,500
John EnsignRNV$24,500$28,750
Mike EnziRWY$14,600$35,500
Russ FeingoldDWI$34,665$2,900
Dianne FeinsteinDCA$39,800$13,550
Kirsten GillibrandDNY$58,806$33,050
Lindsey GrahamRSC$37,163$19,200
Chuck GrassleyRIA$33,000$27,500
Judd GreggRNH$0$0
Kay HaganDNC$8,950$250
Tom HarkinDIA$42,380$5,800
Orrin HatchRUT$29,300$29,000
Kay Bailey HutchisonRTX$86,850$11,000
Jim InhofeROK$51,375$500
Dan InouyeDHI$28,350$1,500
Johnny IsaksonRGA$59,050$38,900
Mike JohannsRNE$34,250$28,300
Tim JohnsonDSD$90,302$205,750
Ted KaufmanDDE$0$0
Ted KennedyDMA$39,550$13,450
John KerryDMA$24,250$6,900
Amy KlobucharDMN$79,463$8,800
Herb KohlDWI$0$0
Jon KylRAZ$82,275$56,343
Mary LandrieuDLA$42,900$42,150
Frank LautenbergDNJ$20,900$13,700
Patrick LeahyDVT$2,750$13,000
Carl LevinDMI$30,521$6,000
Joe LiebermanICT$108,400$65,270
Blanche LincolnDAR$40,133$20,900
Dick LugarRIN$34,325$10,200
Mel MartinezRFL$10,850$12,500
John McCainRAZ$27,200$12,650
Claire McCaskillDMO$41,000$7,000
Addison "Mitch" McConnellRKY$121,900$161,900
Bob MenéndezDNJ$129,620$45,902
Jeff MerkleyDOR$31,306$4,250
Barbara MikulskiDMD$11,250$0
Lisa MurkowskiRAK$19,300$7,400
Patty MurrayDWA$38,150$27,350
Earl "Ben" NelsonDNE$57,250$52,050
Clarence "Bill" NelsonDFL$49,849$52,400
Mark PryorDAR$38,950$36,350
John "Jack" ReedDRI$17,550$49,900
Harry ReidDNV$77,683$144,450
Jim RischRID$0$8,700
Charles "Pat" RobertsRKS$78,300$19,050
John "Jay" RockefellerDWV$20,550$2,300
Bernie SandersIVT$2,000$0
Chuck SchumerDNY$82,728$52,400
Jeff SessionsRAL$31,600$15,000
Jeanne ShaheenDNH$18,028$3,300
Richard ShelbyRAL$20,400$217,700
Olympia SnoweRME$31,370$6,500
Arlen SpecterDPA$75,420$35,200
Debbie StabenowDMI$40,580$36,800
Jon TesterDMT$7,370$20,000
John ThuneRSD$80,060$33,635
Mark UdallDCO$41,589$23,875
Tom UdallDNM$52,607$1,500
David VitterRLA$69,925$49,359
George VoinovichROH$11,900$2,750
Mark WarnerDVA$84,550$91,500
Jim WebbDVA$20,560$16,250
Sheldon WhitehouseDRI$24,900$3,600
Roger WickerRMS$40,500$8,000
Ron WydenDOR$19,100$14,750

Interest Groups that supported this bill

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$ Donated
Banks & lending institutions$2,324,322
Minority/Ethnic Groups$1,152,022
Health & welfare policy$399,600

Interest Groups that opposed this bill

Uncheck All
Check All
$ Donated
Credit agencies & finance companies$3,002,660
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