Bill Title: Urges sponsors of HR1214, the Payday Loan Reform Act, to (i) withdraw their support of the legislation's current provisions; (ii) support reforms that will be effective in stopping the payday lending cycle of debt; and (iii) only support proposals that do not undermine state efforts to reform the payday lending practice. Also urges members of Congress to enact a cap on annual interest rates of 36%.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2009-12-01 - Rule 19(b) / Re-referred to Rules Committee [HR0295 Detail]

Text: Latest bill text (Introduced) [HTML]

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