Bill > HR2672

Introduced Session

Helping Expand Lending Practices in Rural Communities Act - Directs the Consumer Financial Protection Bureau (CFPB) to establish an application process under which a person who lives or does business in a state may apply to have an area in the state identified as a rural area if it has not yet been so designated by the CFPB for purposes of federal consumer financial law. Prescribes criteria for the CFPB to consider when evaluating the application. Requires the CFPB to: (1) grant or deny the application within 90 days after the public comment period ends; and (3) publish the grant or denial in the Federal Register, including an explanation of the factors upon which the CFPB relied in making its determination. Sunsets this Acttwo years after its date of enactment.

Committee Categories

Andy Barr (R)*,  Rubén Hinojosa (D),  Lynn Jenkins (R),  David McKinley (R),  Randy Neugebauer (R),  Stevan Pearce (R),  Peter Welch (D), 

Committee on Banking, Housing, and Urban Affairs. Hearings held. (on 09/16/2014)

Official Document