Legislation

To ensure the compliance of Department of Defense regulations with Federal consumer protection laws on the collection of debt.

To increase from $10,000,000,000 to $50,000,000,000 the threshold figure at which regulated depository institutions are subject to direct examination and reporting requirements of the Bureau of Consumer Financial Protection, and for other purposes.

To amend the Higher Education Act of 1965 to reduce the interest rate caps for Federal Direct student loans, to eliminate loan origination fees on all Federal Direct student loans, and to provide for refinancing of Federal Direct student loans and Federal family education loans.

To amend the Higher Education Act of 1965 to reduce the interest rate caps for Federal Direct student loans, to eliminate loan origination fees on all Federal Direct student loans, and to provide for refinancing of Federal Direct student loans and Federal family education loans.

To direct the Secretary of Veterans Affairs to require the use of certified mail and plain language in certain debt collection activities.

To amend the Fair Credit Reporting Act to improve the consumer reporting system, and for other purposes.

To require notification following a breach of security of a system containing personal information, and for other purposes.

To amend the Truth in Lending Act to create additional requirements for original and new creditors of mortgage loans in the case of a sale, transfer, or assignment of a mortgage loan, and for other purposes.