Bill Status
The bill is up for 2nd reading.
Bill Summary
This is an important reform of how consumer credit companies do business that has support from the old-fashioned and effective Consumer Credit Counseling organizations, as well as creditors, such as bankers, credit unions and other credit companies. The bill requires that companies that take a consumer's money in order to help them pay debt must actually help get that debt paid. It also limits fees and payments to these companies.