EQUAL Act of 2018

Summary

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.

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Documents

6 official files

• Reported in House (text)

  Reported in House · EN · 3 August 2018

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• Reported in House (PDF)

  Reported in House · EN · 3 August 2018

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• Reported to House without amendment

  summary · EN · 3 August 2018

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• Introduced in House (text)

  Introduced in House · EN · 19 January 2018

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• Introduced in House (PDF)

  Introduced in House · EN · 19 January 2018

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• Introduced in House

  summary · EN · 19 January 2018

  Open at official source

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