United States · Bill · HR
H.R. 5942 (111th)
FFSCC Act of 2010
Introduced
29 July 2010
Last action
—
Status
Referred to the House Committee on Financial Services.
Sponsors
—
Subjects
Discovery layer
Source updated
14 August 2025
Summary
FFSCC Act of 2010 - Authorizes the Comptroller of the Currency to provide for the organization, incorporation, examination, operation, regulation, and chartering of Federal Financial Services and Credit Companies (FFSCCs) to: (1) extend short-term and long-term credit; and (2) implement financial literacy programs. Imposes an annual fee upon FFSCCs payable to the Comptroller to offset the cost of implementing this Act. Directs the Comptroller to: (1) study rates and terms used in the extension of credit; and (2) develop a suite of FSCC financial products that will be fair to underbanked persons and economically viable for FFSCCs to offer.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 29 July 2010
Introduced in House (PDF)
Introduced in House · EN · 29 July 2010
Introduced in House
summary · EN · 29 July 2010
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/111th-congress/house-bill/5942
- Open data entity: https://api.congress.gov/v3/bill/111/hr/5942