To establish a Consumer Protection Relief Fund to empower lenders to deploy credit to vulnerable borrowers needing access to credit as a result of the COVID-19 pandemic.
Consumer Protection Relief Fund Act or the CPR Fund Act
This bill establishes the Consumer Protection Relief Fund for vulnerable borrowers experiencing financial difficulty in repaying specified loans due to the impact of COVID-19 (i.e., coronavirus disease 2019). Aggregate payments with respect to a borrower may not exceed $9,500.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line