Summary

1/30/2013--Introduced.Deceptive Loan Check Elimination Act - Amends the Truth in Lending Act (TILA) to prohibit a person from extending any consumer credit through the use by the consumer... Read More

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Nation

19 Supporting
5 Opposing
79% 21%

State: CA

2 Supporting
0 Opposing
100% 0%

District: 1st

0 Supporting
0 Opposing
0% 0%

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Users Supporting

I support S. 187: Deceptive Loan Check Elimination Act Yes, Make them go away. hahah

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CA
6
EXPOSE-CAFR
CA-6
1 year ago

I support S. 187 ("A bill to amend the Truth in Lending Act to prohibit the distribution of any") because banks have repeatedly demonstrated irresponsible lending practices. If someone wants a loan or credit line, they can apply for one. It is unethical to use inducements such as checks, or documents that appear to be checks, to snare the gullible into taking on debt that they cannot repay. As a taxpayer, I'm tired of bailing out the banks to repay these loans. In addition, the solicitations circulating in the mail create an identity-theft risk. I'm tired of having to shred unwanted solicitations; it is impossible to get off the mailing lists.

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TX
11
oiltrash1980
TX-11
2 years ago

Users Opposing

No constituents opposing yet.

Bill Summary

1/30/2013--Introduced.Deceptive Loan Check Elimination Act - Amends the Truth in Lending Act (TILA) to prohibit a person from extending any consumer credit through the use by the consumer of a check or other negotiable instrument sent by the creditor to solicit an extension of consumer credit, unless the consumer has requested it in writing. States that a nonnegotiable instrument that has the appearance of a negotiable instrument in connection with a solicitation for an extension of credit is not an application or request for purposes of this Act. Shields a consumer from liability for: (1) the principal amount of a negotiable instrument sent in violation of this Act; or (2) any interest, fee, or penalty charged in connection with such negotiable instrument. Prohibits any information relating to the liability of a consumer alleged by a creditor to have been established through a negotiable instrument sent in violation of this Act from being either reported to or received by any consumer reporting agency, or from being included in any consumer report.

S. 186 A bill to award posthumously a Congressional Gold Medal to Addie Mae... S. 188The Advice and Consent Restoration Act