H.R. 4861 · 115th Congress
EQUAL Act of 2018
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
HollingsworthSponsor1 cosponsor · 1 R
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Ensuring Quality Unbiased Access to Loans Act of 2018 or the EQUAL Act of 2018
What it does: CRS summary · Reported to House without amendment · Aug 3, 2018
Ensuring Quality Unbiased Access to Loans Act of 2018 or the EQUAL Act of 2018
This bill nullifies the Federal Deposit Insurance Corporation final guidance titled "Guidance on Supervisory Concerns and Expectations Regarding Deposit Advance Products," published November 26, 2013. (The guidance relates to the safety and soundness of insured depository intuitions offering short-term, small-dollar loans.) Federal banking agencies must issue regulations regarding such loans offered by insured depository institutions.
The bill also exempts certain loans made by a depository institution or a credit union from the Consumer Financial Protection Bureau rule titled "Payday, Vehicle Title, and Certain High-Cost Installment Loans," published on November 17, 2017.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: EQUAL Act of 2018
Also known as: Ensuring Quality Unbiased Access to Loans Act of 2018
Latest action (Aug 3, 2018): Placed on the Union Calendar, Calendar No. 688.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Jan 19, 2018
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.