PlainBillCongress, translated.Legislation. Context. Public interest.Congressional Research Service
Version 79 · Reported to House without amendment · Aug 3, 2018
Ensuring Quality Unbiased Access to Loans Act of 2018 or the EQUAL Act of 2018
This bill nullifies the Federal Deposit Insurance Corporation final guidance titled "Guidance on Supervisory Concerns and Expectations Regarding Deposit Advance Products," published November 26, 2013. (The guidance relates to the safety and soundness of insured depository intuitions offering short-term, small-dollar loans.) Federal banking agencies must issue regulations regarding such loans offered by insured depository institutions.
The bill also exempts certain loans made by a depository institution or a credit union from the Consumer Financial Protection Bureau rule titled "Payday, Vehicle Title, and Certain High-Cost Installment Loans," published on November 17, 2017.
People & committees
Rep. Hollingsworth, Trey [R-IN-9] · R–IN
Legislative record
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Placed on the Union Calendar, Calendar No. 688.
Reported by the Committee on Financial Services. H. Rept. 115-890.
Reported by the Committee on Financial Services. H. Rept. 115-890.
Ordered to be Reported by the Yeas and Nays: 34 - 26.
Committee Consideration and Mark-up Session Held.
Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Introduction and Referral.
Primary sources
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No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.
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