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United States · Bill · HR

H.R. 5350 (109th)

Federal Payday Loan Consumer Protection Amendments of 2006

referredUnited States· United States Congress· EN

Introduced

10 May 2006

Last action

Status

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Sponsors

Subjects

Discovery layer

Source updated

15 August 2025

Summary

Federal Payday Loan Consumer Protection Amendments of 2006 - Amends the Federal Deposit Insurance Act to prohibit an insured depository institution from: (1) making any 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. Amends the Truth in Lending Act to prohibit payday loans based on checks drawn on, or authorized withdrawals from, insured depository institutions.

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Documents

3 official files

Introduced in House (text)

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Sources

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