To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to provide for an application process for interested parties to apply for a county to be designated as a rural area, and for other purposes.
Helping Expand Lending Practices in Rural Communities Act - Directs the Consumer Financial Protection Bureau (CFPB) to establish an application process under which a person who lives or does business in a state may apply to have an area in the state identified as a rural area if it has not yet been so designated by the CFPB for purposes of federal consumer financial law.
Prescribes criteria for the CFPB to consider when evaluating the application.
Requires the CFPB to: (1) grant or deny the application within 90 days after the public comment period ends; and (3) publish the grant or denial in the Federal Register, including an explanation of the factors upon which the CFPB relied in making its determination.
Sunsets this Act two years after its date of enactment.
Referred to the House Committee on Financial Services.
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 55 - 1.
Mrs. Capito moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H3420-3422)
DEBATE - The House proceeded with forty minutes of debate on H.R. 2672.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H3420)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3420)
The title of the measure was amended. Agreed to without objection.
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Received in the Senate.
Committee on Banking, Housing, and Urban Affairs. Hearings held.