A bill to amend the Consumer Credit Protection Act to improve disclosures made to consumers who enter into rental-purchase transactions, to set standards for collection practices, and for other purposes.
Rental-Purchase Reform Act of 1994 - Amends the Consumer Credit Protection Act to set forth information required to be disclosed by merchants to consumers under rental-purchase agreements. Regulates the collection and advertising practices of such merchants.
Authorizes consumers to bring civil charges in any U.S. district court for violations of this Act.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S3453)
Read twice and referred to the Committee on Banking.
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