Extends consumer credit protections for military members to all consumers.

This bill, the Veterans and Consumers Fair Credit Act, amends the Truth in Lending Act to extend consumer credit protections provided to members of the Armed Forces and their dependents to all consumers. It includes limitations on consumer credit and maximum rates of interest, and ensures that the Bureau of Consumer Financial Protection issues rules consistent with those protections. The bill also allows state regulators to bring civil actions for violations and mandates that state attorneys general can bring actions on behalf of residents.

Extends consumer credit protections for military members to all consumers.

This bill, the Veterans and Consumers Fair Credit Act, amends the Truth in Lending Act to extend consumer credit protections provided to members of the Armed Forces and their dependents to all consumers. It includes limitations on consumer credit and maximum rates of interest, and ensures that the Bureau of Consumer Financial Protection issues rules consistent with those protections. The bill also allows state regulators to bring civil actions for violations and mandates that state attorneys general can bring actions on behalf of residents.