United States · Bill · HR
H.R. 1619 (109th)
Loan Shark Prevention Act
Introduced
13 April 2005
Last action
—
Status
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Sponsors
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Subjects
Discovery layer
Source updated
15 August 2025
Summary
Loan Shark Prevention Act - Amends the Truth in Lending Act to set a cap upon: (1) the annual percentage rate applicable to any extension of credit; and (2) the amount of any fee or charge that a creditor may impose under the terms of a credit transaction. Amends the Fair Credit Reporting Act to prohibit a credit card issuer from using negative information contained in a consumer report to increase the annual percentage rate applicable to a credit card account, or to remove or increase any introductory annual percentage rate of interest applicable to such account, for reasons other than actions or omissions of the card holder that are directly related to such account.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 13 April 2005
Introduced in House (PDF)
Introduced in House · EN · 13 April 2005
Introduced in House
summary · EN · 13 April 2005
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/109th-congress/house-bill/1619
- Open data entity: https://api.congress.gov/v3/bill/109/hr/1619