Archive: financial services

  • Resolution in Opposition to a Consumer Financial Protection Agency March 15, 2013

    Resolution in Opposition to a Consumer Financial Protection Agency WHEREAS, Congress is considering legislation which would create a Consumer Financial Protection Agency (CFPA); and WHEREAS, the CFPA is a new federal agency that will increase spending and taxes during a [...]

  • Electronic Pay Choice Act March 15, 2013

    Electronic Pay Choice Act Summary An Act relating to the method of payment of wages and salaries by employers to employees. Model Legislation {Title, enacting clause, etc.} Section 1. {Short Title.} This Act may be cited as the Electronic Pay [...]

  • Loan Originators Voluntary Registration March 15, 2013

    Loan Originators Voluntary Registration Section 1. {Purpose, Title} Establishes an optional loan originator registration program within the Secretary of State’s (SOS) Office. Section 2. {Definitions} In this article, unless the context otherwise requires: A. “Loan originator”: 1. Means a natural [...]

  • ALEC Resolution Opposing Overregulation of Payroll Cards March 15, 2013

    ALEC Resolution Opposing Overregulation of Payroll Cards Summary Payroll cards provide a safe, convenient, and cost-effective method of wage payment for both employees and employers—bringing underserved citizens into the financial mainstream. Existing laws on payroll cards provide important consumer protections. [...]

  • Free Contract in Financing Act March 15, 2013

    Free Contract in Financing Act Summary The Free Contract in Financing Act removes restrictions on interest rates for all loans and sales, including those to both consumers and businesses, and allows borrowers and lending institutions to contract for a mutually [...]

  • Mortgage Fraud Act March 15, 2013

    Mortgage Fraud Act Summary This bill modifies the Criminal Code by creating the crime of mortgage fraud. Model Legislation {Title, enacting clause, etc.} Section 1. {Title.} This Act may be cited as the Mortgage Fraud Act. Section 2. {Definitions.} As [...]

  • Expanded Consumer Choice In Financial Services Act March 15, 2013

    Expanded Consumer Choice In Financial Services Act Summary The Expanded Consumer Choice in Financial Services Act permits banks to fully compete in the financial services market by offering consumers a wide variety of investments and other financial services. This Act [...]