Low-Cost Alternatives to Payday Loans Act

Summary

Low-Cost Alternatives to Payday Loans Act - Authorizes the Secretary of the Treasury to award demonstration project grants (including multi-year grants) to eligible entities to provide low-cost, small loans to consumers that will provide alternatives to more costly, predatory payday loans. Includes within eligible entities: (1) a tax exempt charitable (501(c)(3)) organization; (2) a federally insured depository institution; and (3) a community development financial institution.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 30 June 2005

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 30 June 2005

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• Introduced in Senate

  summary · EN · 30 June 2005

  Open at official source

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