United States · Bill · HR
H.R. 2871 (110th)
Payday Loan Reform Act of 2007
Introduced
26 June 2007
Last action
—
Status
Referred to the House Committee on Financial Services.
Sponsors
—
Subjects
Discovery layer
Source updated
14 August 2025
Summary
Payday Loan Reform Act of 2007 - Amends the Truth in Lending Act to prohibit payday loans based on checks drawn on, or authorized withdrawals from, insured depository institutions. Amends the Federal Deposit Insurance Act to prohibit an insured depository institution from: (1) making or extending a payday loan, either directly or indirectly; or (2) making any loan to any other lender for purposes of financing, refinancing, or extending any payday loan. Declares payday loan instruments or transactions void from inception.
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Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 26 June 2007
Introduced in House (PDF)
Introduced in House · EN · 26 June 2007
Introduced in House
summary · EN · 26 June 2007
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/110th-congress/house-bill/2871
- Open data entity: https://api.congress.gov/v3/bill/110/hr/2871