To amend the Securities Investor Protection Act of 1970 to confirm that a customer's net equity claim is based on the customer's last statement and that certain recoveries are prohibited, to change how trustees are appointed, and for other purposes.
Hearing Date :2011-02-17T00:00:00 Committee :House Financial Services Subcommittee on Financial Institutions & Consumer Credit Sub Committee : Congress Number :112
To amend the Fair Credit Reporting Act to require the inclusion of credit scores with free annual credit reports provided to consumers, and for other purposes.
Hearing Date :2011-02-16T00:00:00 Committee :House Financial Services Subcommittee on Insurance, Housing, & Community Opportunity Sub Committee : Congress Number :112
Hearing Date :2011-02-15T00:00:00 Committee :House Financial Services Subcommittee on Oversight and Investigations Sub Committee : Congress Number :112
Amends the Truth in Lending Act to prohibit credit from being extended in any consumer credit transaction in which a security interest will be retained or acquired in property located within the United States which will be used as the consumer's principal residence if such consumer lacks a Social Security account number.
Requires each applicant for a single-family home mortgage to provide the lender information to verify the applicant's citizenship or alien status through the E-Verify program if the home mortgage is to be: (1) newly insured under the Federal Housing Administration (FHA) mortgage insurance program of the Department of Housing and Urban Development (HUD)\; (2) newly purchased by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac)\; or (3) newly made, insured, or guaranteed by the Secretary of Veterans Affairs (VA) or by any other agency or entity of the federal government.