Protecting Consumers' Access to Credit Act of 2017
Sponsor: Patrick McHenry (R-NC)
(This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.) Protecting Consumers' Access to Credit Act of 2017 (Sec. 3) This bill amends the Revised Statutes, the Home Owners' Loan Act, the Federal Credit Union Act, and the Federal Deposit Insurance Act to state that bank loans that are valid when made as to their maximum rate of interest in accordance with federal law shall remain valid with respect to that rate regardless of whether a bank has subsequently sold or assigned the loan to a third party.
Finance and Financial Sector Topic assigned by the Congressional Research Service.
Who won, and how much of the country was behind them
The dotted gap is 4.3% of U.S. adults whose member did not vote, voted “present,” or whose seat was vacant.
| Side | Outcome | Votes | Share of U.S. adults |
|---|---|---|---|
| Yea | Won | 245 | 56.3% |
| Nay | Lost | 171 | 39.5% |
| Not represented on this question | No position taken | 0 | 4.3% |