The bill aims to raise the annual fee on closed-end credit consumer loans. This increase in fees will impact borrowers who have taken out such loans, potentially increasing their overall cost of borrowing. The specific provisions and impacts of this bill would depend on the exact details outlined in the legislation.
2023-01-31: House Introduced
2023-01-31: House Referred to Committee on Financial Institutions and Pensions
2024-04-30: House Died in Committee
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