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H.R. 4861, EQUAL Act of 2018 (CBO Report for Congress)

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Congress 115th
Date Requested March 21, 2018
Requested By House Committee on Financial Services
Date Sent June 20, 2018
Description:

H.R. 4861 would nullify guidance issued in 2013 by three financial regulators—the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve—about certain short-term loans, known as deposit advance products, that banks offer to their customers. The bill also would require the Consumer Financial Protection Bureau (CFPB) to alter some current regulations.

 

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