(I) any covered person or service 
provider; and 
(II) any financial product or 
service. 
(B) DEFINITIONS.—For purposes of this 
paragraph, the terms ‘‘covered person’’, ‘‘finan-
cial product or service’’, and ‘‘service provider’’ 
have the meaning given those terms, respec-
tively, under section 1002 of the Consumer Fi-
nancial Protection Act of 2010. 
(e) MEMORANDA OF UNDERSTANDING.— 
(1) REPORT
ON
CURRENT
MOUS.—Not later 
than the end of the 30-day period beginning on the 
date of enactment of this Act, the Director of the 
Consumer Financial Protection Bureau shall issue a 
report to the Committee on Financial Services of the 
House of Representatives and the Committee on 
Banking, Housing, and Urban Affairs of the Senate 
listing— 
(A) each memorandum of understanding in 
effect with the Bureau on November 24, 2017; 
(B) any changes made to such a memo-
randum of understanding since such date, in-
cluding any memorandum of understanding re-
scinded since such date; and
(C) a justification for each such change or 
rescission. 
(2) SEMI-ANNUAL REPORT ON MOUS.—Section 
1016(c) of the Consumer Financial Protection Act 
of 2010 (12 U.S.C. 5496(c)) is amended— 
(A) in paragraph (8), by striking ‘‘and’’ at 
the end; 
(B) in paragraph (9), by striking the pe-
riod and inserting a semicolon; and 
(C) by adding at the end the following: 
‘‘(10) a list of each memorandum of under-
standing in effect with the Bureau, any changes 
made to a memorandum of understanding since the 
last report was made under subsection (b), and a 
justification for each such change;’’. 
(3) REESTABLISHMENT OF MEMORANDA OF UN-
DERSTANDING.—The memoranda of understanding 
between the Consumer Financial Protection Bureau 
and the Department of Education titled ‘‘Memo-
randum of Understanding Between the Bureau of 
Consumer Financial Protection and the U.S. De-
partment of Education Concerning the Sharing of 
Information’’ (October 19, 2011) and ‘‘Memo-
randum of Understanding Concerning Supervisory 
and Oversight Cooperation and Related Information
Sharing Between the U.S. Department of Education 
and the Consumer Financial Protection Bureau’’ 
(January 9, 2014)— 
(A) shall remain in effect and may not be 
terminated by any party to such memoranda; 
and 
(B) may only be amended or revised if the 
parties to the memoranda determine that such 
amendment or revision would promote better 
interagency coordination to the benefit of con-
sumers. 
(f) ADDITIONAL REPORT INFORMATION
ON CON-
SUMER SAVINGS.—Section 1013 of the Consumer Finan-
cial Protection Act of 2010 (12 U.S.C. 5493) is amended 
by adding at the end the following: 
‘‘(i) ADDITIONAL REPORT INFORMATION ON CON-
SUMER SAVINGS.—In issuing each report required under 
section 502(d) of the Credit CARD Act of 2009, the Bu-
reau shall include a numerical estimate of the amount that 
such Act has saved consumers in fees impacted by such 
Act, relative to the level of such fees prior to the enact-
ment of such Act.’’. 
(g) RESTORATION OF RULE PROHIBITING FORCED 
ARBITRATION IN CONSUMER CONTRACTS.—
(1) REPEAL
OF
JOINT
RESOLUTION.—Public 
Law 115–74 is hereby repealed. 
(2) RESTORATION OF RULE.—Not later than 
the end of the 3-day period beginning on the date 
of enactment of this Act, the Consumer Financial 
Protection Bureau shall reissue the final rule of the 
Bureau specified in Public Law 115–74 (relating to 
‘‘Arbitration Agreements’’) in the same form as such 
rule existed on the day before the date of enactment 
of Public Law 115–74, except the Bureau shall 
specify that the rule takes effect after the end of the 
60-day period beginning on the date such rule is re-
issued. 
SEC. 6. OFFICES OF THE CONSUMER FINANCIAL PROTEC-
TION BUREAU. 
(a) CLARIFICATION OF THE DUTIES OF THE OFFICE 
OF FAIR LENDING AND EQUAL OPPORTUNITY.—Section 
1013(c)(2) of the Consumer Financial Protection Act of 
2010 (12 U.S.C. 5493(c)(2)) is amended— 
(1) by striking ‘‘Office of Fair Lending and 
Equal Opportunity shall have such powers and du-
ties as the Director may delegate to the Office, in-
cluding’’ and inserting ‘‘powers and duties of the Of-
fice of Fair Lending and Equal Opportunity shall in-
clude’’;
(2) in subparagraph (C), by striking ‘‘and’’ at 
the end; 
(3) in subparagraph (D), by striking the period 
and inserting a semicolon; and 
(4) by adding at the end the following: 
‘‘(E) implementing the Bureau’s enforce-
ment and supervisory authority with respect to 
fair lending laws; and 
‘‘(F) such additional powers and duties as 
the Director may determine appropriate.’’. 
(b) OFFICE
OF
STUDENTS
AND
YOUNG
CON-
SUMERS.— 
(1) IN GENERAL.—Section 1013 of the Con-
sumer Financial Protection Act of 2010 (12 U.S.C. 
5493), as amended by section 5(f), is further 
amended by adding at the end the following: 
‘‘(j) OFFICE
OF
STUDENTS
AND
YOUNG
CON-
SUMERS.— 
‘‘(1) IN
GENERAL.—The Director shall, not 
later than the end of the 60-day period beginning on 
the date of enactment of this section, establish an 
Office of Students and Young Consumers, which 
shall work to empower students, young people, and 
their families to make more informed financial deci-
sions about saving and paying for college, accessing
safer and more affordable financial products and 
services, all matters related to private education 
loans (as defined under section 1035(e)), and repay-
ing student loan debt, including private education 
loans. 
‘‘(2) HEAD OF THE OFFICE.—The head of the 
Office of Students and Young Consumers shall be 
the Assistant Director and Student Loan Ombuds-
man, and the Assistant Director and Student Loan 
Ombudsman shall carry out all functions established 
under section 1035 through the Office of Students 
and Young Consumers. 
‘‘(3) SUPERVISORY, ENFORCEMENT, AND REGU-
LATORY
MATTERS.—The Office of Students and 
Young Consumers shall assist in all supervisory, en-
forcement, and regulatory matters of the Bureau re-
lated to the functions of the Office. 
‘‘(4) COORDINATION.—The Director shall enter 
into memoranda of understanding and similar agree-
ments with the Department of Education and other 
Federal and State agencies, as appropriate, in order 
to carry out the business of the Office of Students 
and Young Consumers. 
‘‘(5) REPORT ON RISKS TO YOUNG CONSUMERS 
AND STUDENT BORROWERS.—Not less than once an-
nually, the Assistant Director and Student Loan 
Ombudsman shall issue a report to Congress con-
taining an analysis of complaints submitted to the 
Bureau by young consumers and student borrowers 
during the previous year and offering an inde-
pendent evaluation of risks to young consumers and 
student borrowers posed by policies and practices in 
the marketplace for consumer financial products and 
services. 
‘‘(6) COLLECTION OF STUDENT LOAN SERVICER 
DATA.— 
‘‘(A) IN GENERAL.—The Assistant Direc-
tor and Student Loan Ombudsman shall re-
quire each servicer of student loans to submit 
an annual report to the Assistant Director with 
information regarding the servicer’s loan port-
folio, including data regarding the following: 
‘‘(i) The size of the servicer’s port-
folio. 
‘‘(ii) The repayment status of unique 
accounts. 
‘‘(iii) Borrower-initiated and servicer- 
initiated contacts, and the outcome of each 
such contact.
‘‘(iv) Income-driver repayment appli-
cations and recertifications. 
‘‘(v) Any other data the Assistant Di-
rector and Student Loan Ombudsman de-
termines necessary to carry out the func-
tions of the Office of Students and Young 
Consumers. 
‘‘(B) REPORT.—The Assistant Director 
and Student Loan Ombudsman shall include, in 
each report required under section 1035(d)(1), 
a description of the information collected under 
this paragraph, along with any findings or de-
terminations the Assistant Director made with 
respect to such information. 
‘‘(C) GUIDANCE.—Not later than 90 days 
after the enactment of this subsection, the Bu-
reau shall issue guidance to student loan 
servicers to facilitate the data collection re-
quired under this paragraph.’’. 
(2) RENAMING AND APPOINTMENT CLARIFICA-
TION OF THE PRIVATE EDUCATION LOAN OMBUDS-
MAN.— 
(A) IN
GENERAL.—Section 1035 of the 
Consumer Financial Protection Act of 2010 (12 
U.S.C. 5535) is amended—
(i) in the heading of the section by 
striking ‘‘PRIVATE EDUCATION’’ and in-
serting ‘‘ASSISTANT
DIRECTOR
AND 
STUDENT’’; 
(ii) in subsection (a), by striking ‘‘The 
Secretary, in consultation with the Direc-
tor, shall designate a Private Education 
Loan Ombudsman’’ and inserting ‘‘The 
Director shall designate an individual as 
the Assistant Director and Student Loan 
Ombudsman’’; 
(iii) in subsection (b), by striking 
‘‘The Secretary and the Director’’ and in-
serting ‘‘The Director’’; and 
(iv) in subsection (d)(2), by inserting 
‘‘the Director,’’ before ‘‘the Secretary,’’. 
(B) CLERICAL AMENDMENT.—The table of 
contents under section 1(b) of the Dodd-Frank 
Wall Street Reform and Consumer Protection 
Act is amended, in the item relating to section 
1035, by striking ‘‘Private education’’ and in-
serting ‘‘Assistant director and student’’. 
(C) DEEMING OF NAME.—Any reference in 
any law, regulation, document, record, or other 
paper of the United States to the ‘‘Private Edu-
cation Loan Ombudsman’’ shall be deemed a 
reference to the ‘‘Assistant Director and Stu-
dent Loan Ombudsman’’. 
(c) SEMI-ANNUAL REPORT TO CONGRESS ON CER-
TAIN OFFICES OF THE BUREAU.—Section 1016(c) of the 
Consumer Financial Protection Act of 2010 (12 U.S.C. 
5496(c)), as amended by section 5(e)(2), is further 
amended by adding at the end the following: 
‘‘(11) with respect to each of the specific func-
tional units and offices established under section 
1013— 
‘‘(A) a detailed description of the activities 
of the unit or office since the last report was 
made under subsection (b); and 
‘‘(B) an analysis of the efforts of the Bu-
reau to achieve the duties of the unit or office; 
and 
‘‘(12) with respect to each specific functional 
units and offices established under section 1013, as 
well as each other unit and office with supervisory 
and enforcement duties, a break down of the number 
of political and professional career staff assigned to 
and employed by each unit or office at the end of 
the reporting period.’’.
(d) FUNCTION OF ANY UNIT OR OFFICE ESTAB-
LISHED TO CONDUCT COST BENEFIT ANALYSIS.—Any 
unit or office established to conduct cost benefit analysis 
within the Consumer Financial Protection Bureau shall, 
as its sole function, carry out the considerations required 
by section 1022(b)(2)(A) of the Consumer Financial Pro-
tection Act of 2010 (12 U.S.C. 5512(b)(2)(A)). 
SEC. 7. CONSUMER ADVISORY BOARD REFORMS. 
(a) IN GENERAL.—Section 1014 of the Consumer Fi-
nancial Protection Act of 2010 (12 U.S.C. 5494) is 
amended— 
(1) by amending subsection (b) to read as fol-
lows: 
‘‘(b) MEMBERSHIP.— 
‘‘(1) 
QUALIFICATIONS.—In 
appointing 
the 
members of the Consumer Advisory Board, the Di-
rector shall— 
‘‘(A) seek to assemble a diverse and inclu-
sive group of experts in consumer protection, fi-
nancial services, community development, fair 
lending and civil rights, and consumer financial 
products or services and representatives of de-
pository institutions that primarily serve under-
served 
communities, 
representatives 
of 
servicemembers, veterans, and their families,
and representatives of communities that have 
been significantly impacted by higher-priced 
mortgage loans, and seek representation of the 
interests of covered persons and consumers, 
without regard to party affiliation; 
‘‘(B) ensure that at least 2⁄3 of the mem-
bers represent the interests of consumers, in-
cluding experts in consumer protection, fair 
lending, civil rights, and representatives of com-
munities that have been significantly impacted 
by higher-priced mortgage loans and other 
products that resulted in consumer harm; 
‘‘(C) ensure that at least one member is an 
expert in consumer privacy; and 
‘‘(D) seek to appoint individuals involved 
in the industries affected by the Bureau, includ-
ing individuals who represent community banks, 
credit unions, small business owners, or experts 
in United States economic growth and jobs. 
‘‘(2) NUMBER
OF
MEMBERS.—The Director 
shall appoint not fewer than 25 members to the 
Consumer Advisory Board, and not fewer than 6 
members shall be appointed upon the recommenda-
tion of the regional Federal Reserve Bank Presi-
dents, on a rotating basis.
‘‘(3) MEMBERSHIP
RIGHTS
AFTER
CHARTER 
CHANGE.—Any change to the charter for the Con-
sumer Advisory Board affecting the membership 
shall not preclude prior or current members from 
applying for consideration to serve on a reconsti-
tuted Consumer Advisory Board.’’; and 
(2) in subsection (c)— 
(A) by striking ‘‘meet from’’ and inserting 
‘‘meet in person from’’; and 
(B) by adding at the end the following: 
‘‘The Bureau shall provide adequate notice to 
the members of the Consumer Advisory Board 
of the time and date of each meeting, and of 
any meeting cancellations.’’. 
(b) INCLUSION OF THE DIRECTOR IN MEETINGS AND 
ACCESS TO BUREAU STAFF.—Section 1014 of the Con-
sumer Financial Protection Act of 2010 (12 U.S.C. 5494) 
is amended by adding at the end the following: 
‘‘(e) INCLUSION OF THE DIRECTOR IN MEETINGS 
AND ACCESS TO BUREAU STAFF.—With respect to each 
in person meeting of the Consumer Advisory Board— 
‘‘(1) the Director shall attend such meeting in 
person; and 
‘‘(2) the Director shall ensure that the members 
of the Consumer Advisory Board have an oppor-
tunity to meet and engage in person with all appro-
priate staff and office of the Bureau.’’. 
(c) TREATMENT OF MEMBERS OF THE CONSUMER 
ADVISORY BOARD.—Notwithstanding any other law— 
(1) any member of the Consumer Advisory 
Board of the Consumer Financial Protection Bureau 
on November 1, 2017, may continue to serve as a 
member of such advisory board until March 27, 
2020, and may not be removed from such position 
without cause by the Director of the Bureau until 
such date; and 
(2) any member of the Consumer Advisory 
Board of the Consumer Financial Protection Bureau 
on the date of enactment of this Act, may continue 
to serve as a member of such advisory board until 
March 27, 2020, and may not be removed from such 
position without cause by the Director of the Bureau 
until such date. 
(d) ADDITIONAL REQUIREMENTS
FOR ADVISORY 
COMMITTEES.—Section 1013 of the Consumer Financial 
Protection Act of 2010 (12 U.S.C. 5493), as amended by 
section 6(b)(1), is further amended by adding at the end 
the following: 
‘‘(k) ADVISORY COMMITTEE REQUIREMENTS.—
‘‘(1) QUALIFICATIONS.—In appointing members 
of any advisory committee, other than the Consumer 
Advisory Board, the Director shall ensure that at 
least 1⁄3 of the members represent the interests of 
consumers, including experts in consumer protection, 
fair lending, civil rights, and representatives of com-
munities that have been significantly impacted by 
higher-priced mortgage loans and other products 
that resulted in consumer harm. 
‘‘(2) SELECTION OF MEMBERS REPRESENTING 
MINORITY-OWNED, 
WOMEN-OWNED
BUSINESSES, 
AND MILITARY- AND VETERAN-SERVING FINANCIAL 
INSTITUTIONS.—In appointing members of any advi-
sory committee, the Director shall seek to promote 
diversity and inclusion in making appointments, in-
cluding by appointing individuals who represent mi-
nority-owned, 
women-owned 
businesses, 
and 
military- and veteran-serving financial institutions.’’. 
SEC. 8. DISCRETIONARY SURPLUS FUNDS. 
Section 7(a)(3)(A) of the Federal Reserve Act (12 
U.S.C. 
289(a)(3)(A)) 
is 
amended 
by 
striking 
‘‘$6,825,000,000’’ and inserting ‘‘$6,797,000,000 (re-
duced by $10,000,000) (reduced by $10,000,000) (re-
duced by $10,000,000)’’.
SEC. 9. MODIFICATION OF THE EXEMPTION FROM CERTAIN 
DISCLOSURE REQUIREMENTS. 
(a) IN GENERAL.—Section 304 of the Home Mort-
gage Disclosure Act of 1975 (12 U.S.C. 2803) is amend-
ed— 
(1) by striking subsection (i) and inserting the 
following: 
‘‘(i) EXEMPTION FROM CERTAIN DISCLOSURE RE-
QUIREMENTS.—The requirements of paragraphs (4), (5), 
and (6) of subsection (b) shall not apply with respect to 
any depository institution described in section 303(3)(A) 
that has total assets, as of the most recent full fiscal year 
of the institution, of $30 million or less.’’; and 
(2) by striking subsection (o). 
(b) TECHNICAL AND CONFORMING AMENDMENT.— 
Section 104 of the Economic Growth, Regulatory Relief, 
and Consumer Protection Act (Public Law 115–174; 132 
Stat. 1301) is amended by striking subsection (b). 
SEC. 10. LIMITATION ON PROVIDING EXEMPTIONS FROM 
HMDA REPORTING REQUIREMENTS. 
Section 1027 of the Consumer Financial Protection 
Act (12 U.S.C. 5517) is amended by adding at the end 
the following: 
‘‘(t) LIMITATION ON PROVIDING EXEMPTIONS FROM 
HMDA REPORTING REQUIREMENTS.—Notwithstanding 
any provision of this title or the Home Mortgage Disclo-
sure Act of 1975, the Bureau may not provide any person 
with an exemption from complying with any reporting re-
quirements under the Home Mortgage Disclosure Act of 
1975 if such exemption did not exist on the date of enact-
ment of this subsection.’’. 
SEC. 11. LIMITATION ON MODIFYING HMDA DATA FIELDS. 
Section 1027 of the Consumer Financial Protection 
Act (12 U.S.C. 5517) is amended by adding at the end 
the following: 
‘‘(u) LIMITATION
ON MODIFYING HMDA DATA 
FIELDS.—Notwithstanding any provision of this title or 
the Home Mortgage Disclosure Act of 1975, the Bureau 
may not eliminate, with respect to the reporting require-
ments under the Home Mortgage Disclosure Act of 1975, 
any data fields that were required to be reported on the 
date of enactment of this subsection.’’. 
SEC. 12. MAINTAINING THE HMDA EXPLORER TOOL AND 
THE PUBLIC DATA PLATFORM API. 
The Consumer Financial protection Bureau may not 
retire the HMDA Explorer tool or the Public Data Plat-
form API.
SEC. 13. REPORT ON FAIR LENDING INVESTIGATIONS AND 
ENFORCEMENT ACTIONS. 
Section 1016 of the Consumer Financial Protection 
Act of 2010 (12 U.S.C. 5496) is amended by adding at 
the end the following: 
‘‘(d) REPORT ON FAIR LENDING INVESTIGATIONS 
AND ENFORCEMENT ACTIONS.—The Director shall issue 
a monthly report to Congress containing— 
‘‘(1) the number of investigations opened and 
closed by the Bureau relating to potential fair lend-
ing violations; 
‘‘(2) how many fair lending enforcement actions 
have been taken or referred; 
‘‘(3) an analysis of consumer complaints relat-
ing to potential fair lending violations; and 
‘‘(4) statistics on how many staff of the Office 
of Fair Lending and Equal Opportunity are dedi-
cated to fair lending supervision and enforcement 
issues.’’. 
SEC. 14. DEBT COLLECTION. 
(a) REPORT
ON DEBT COLLECTION COMPLAINTS 
AND ENFORCEMENT ACTIONS.—Section 1016 of the Con-
sumer Financial Protection Act of 2010 (12 U.S.C. 5496) 
is amended by adding at the end the following:
‘‘(e) REPORT ON DEBT COLLECTION COMPLAINTS 
AND ENFORCEMENT ACTIONS.—The Director shall issue 
a quarterly report to Congress containing— 
‘‘(1) an analysis of the consumer complaints re-
ceived by the Bureau with respect to debt collection, 
including a State-by-State breakdown of such com-
plaints; and 
‘‘(2) a list of enforcement actions taken against 
debt collectors during the previous 12 months.’’. 
(b) LIMITATION ON DEBT COLLECTION RULES.— 
Section 1022 of the Consumer Financial Protection Act 
of 2010 (12 U.S.C. 5512) is amended by adding at the 
end the following: 
‘‘(e) LIMITATION ON DEBT COLLECTION RULES.— 
The Director may not issue any rule with respect to debt 
collection that allows a debt collector to send unlimited 
email and text messages to a consumer.’’. 
SEC. 15. CREDIT SCORES INCLUDED IN FREE ANNUAL DIS-
CLOSURES. 
Section 609 of the Fair Credit Reporting Act (15 
U.S.C. 1681g) is amended— 
(1) in subsection (a)(1)— 
(A) by striking ‘‘and’’ at the end and in-
serting a period;
(B) by striking ‘‘except that—’’ and all 
that follows through ‘‘(A) if the’’ and inserting 
‘‘except that if the’’; and 
(C) by striking subparagraph (B); 
(2) in subsection (a), by adding at the end the 
following: 
‘‘(7) If the consumer reporting agency is a con-
sumer reporting agency that compiles and maintains 
files on consumers on a nationwide basis as de-
scribed in section 603(p), each such agency shall dis-
close a current credit score generated using the scor-
ing algorithm, formula, model, program, or mecha-
nism that is most frequently used to generate credit 
scores sold to creditors, subject to regulations of the 
Bureau, along with any information in the con-
sumer’s file at the time of the request concerning 
credit scores or any other risk scores or other pre-
dictors relating to the consumer, if such request is 
made in connection with a free annual disclosure 
made pursuant to section 612(a). 
‘‘(8) Such other consumer information as the 
Bureau considers appropriate with respect to con-
sumer financial education, including the information 
required by subsection (f)(1), information describing 
the credit score of the consumer with respect to a
range of possible credit scores, and the general fac-
tors contributing to the credit scores of consumers.’’; 
and 
(3) in subsection (f)— 
(A) in paragraph (1)— 
(i) by striking ‘‘, a consumer report-
ing agency’’ and all that follows through 
‘‘shall include—’’ and inserting ‘‘or a risk 
score, a consumer reporting agency shall 
supply to the consumer—’’; and 
(ii) by amending subparagraph (A) to 
read as follows: 
‘‘(A) any credit score or risk score in the 
file of the consumer at the consumer reporting 
agency;’’; 
(B) in paragraph (2)— 
(i) by redesignating subparagraph (B) 
as subparagraph (C); and 
(ii) by striking subparagraph (A) and 
inserting the following: 
‘‘(A) CREDIT
SCORE.—The term ‘credit 
score’ means a numerical value or a categoriza-
tion derived from a statistical tool or modeling 
system used by a person who makes or ar-
ranges a loan to predict the likelihood of certain 
credit behaviors, including default. 
‘‘(B) RISK SCORE.—The term ‘risk score’ 
means a numerical value or a categorization de-
rived from a statistical tool or modeling system 
based upon information from a consumer report 
for the purpose of predicting the likelihood of 
certain behaviors or outcomes, and includes 
scores used for the underwriting of insurance.’’; 
(C) by striking paragraph (6) and insert-
ing the following: 
‘‘(6) MAINTENANCE OF CREDIT SCORES.—All 
consumer reporting agencies shall maintain in the 
consumer’s file credit scores or any other risk scores 
or other predictors relating to the consumer for a 
period of not less than 1 year beginning on the date 
on which such information is generated.’’; 
(D) by striking paragraph (7) and redesig-
nating paragraphs (8) and (9) as paragraphs 
(7) and (8), respectively; and 
(E) in paragraph (7) (as so redesignated), 
by inserting before the period at the end the 
following: ‘‘, except that a consumer reporting 
agency described in section 603(p) shall provide 
a credit score without charge to the consumer
if the consumer is requesting the score in con-
nection with a free annual disclosure made pur-
suant to section 612(a)’’. 
SEC. 16. REPORT ON SENIOR CONSUMERS. 
Section 1016 of the Consumer Financial Protection 
Act of 2010 (12 U.S.C. 5496) is amended by adding at 
the end the following: 
‘‘(f) REPORT ON SENIOR CONSUMERS.— 
‘‘(1) IN GENERAL.—The Director shall issue an 
annual report to Congress containing— 
‘‘(A) an analysis, in coordination with the 
Office of Financial Protection for Older Ameri-
cans, of consumer complaints from older Ameri-
cans, including a State-by-State breakdown of 
complaints by type of consumer financial prod-
uct or service; and 
‘‘(B) any legislative or regulatory rec-
ommendations the Director may have to im-
prove consumer protections for older Ameri-
cans. 
‘‘(2) OLDER
AMERICANS
DEFINED.—In this 
subsection, the term ‘older Americans’ means indi-
viduals who have attained the age of 62 years or 
more.’’.
SEC. 17. REPORT ON PAYDAY LOAN AND CAR-TITLE LOAN 
INVESTIGATIONS AND ENFORCEMENT AC-
TIONS. 
Section 1016 of the Consumer Financial Protection 
Act of 2010 (12 U.S.C. 5496) is amended by adding at 
the end the following: 
‘‘(g) REPORT
ON PAYDAY LOAN
AND CAR-TITLE 
LOAN INVESTIGATIONS AND ENFORCEMENT ACTIONS.— 
The Director shall issue a quarterly report to Congress 
containing— 
‘‘(1) the number of investigations opened and 
closed by the Bureau relating to payday loans and 
car-title loans; 
‘‘(2) the number of enforcement actions that 
have been taken or referred relating to payday loans 
and car-title loans; 
‘‘(3) an estimate of the amount of fees cus-
tomers have paid relating to payday loans and car- 
title loans; 
‘‘(4) an estimate of the number of times in the 
previous 12 months a typical payday loan customer 
has rolled over their loan; and 
‘‘(5) an estimate of how many car-title loan 
customers lost their car in the previous 12 months.’’.
SEC. 18. EFFECTIVE DATE. 
This Act and the amendments made by this Act shall 
take effect on the date of the enactment of this Act, except 
that the Director of the Consumer Financial Protection 
Bureau shall have 30 days to complete any operational 
changes to the Bureau required by this Act or an amend-
ment made by this Act. 
Passed the House of Representatives May 22, 2019. 
Attest: 
Clerk.
116TH CONGRESS 
1ST SESSION 
H. R. 1500 
AN ACT 
To require the Consumer Financial Protection Bu-
reau to meet its statutory purpose, and for other 
purposes.