Title: RING Act of 2021
Policy area: Finance and Financial Sector

Summary:
Reporting Instances of Non-authorized Grift Act of 2021 or the RING Act of 2021
This bill requires creditors to establish a hotline for assisting consumers who are 50 years of age or older to resolve billing errors and mitigate fraud.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3489 Introduced in House (IH)]

<DOC>






117th CONGRESS
  1st Session
                                H. R. 3489

 To require creditors to establish a phone line to assist obligors who 
are 50 years of age and older to resolve billing errors, and for other 
                               purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 25, 2021

 Mr. Rodney Davis of Illinois (for himself, Mr. Mfume, Mr. Waltz, Ms. 
 Porter, Mr. Keller, Mr. Kim of New Jersey, Mr. Kelly of Mississippi, 
Mr. Case, Mr. Fitzpatrick, Mr. Phillips, Mr. Van Drew, Mr. Carson, Mr. 
 Pappas, Mr. O'Halleran, and Ms. Wild) introduced the following bill; 
       which was referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
 To require creditors to establish a phone line to assist obligors who 
are 50 years of age and older to resolve billing errors, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Reporting Instances of Non-
authorized Grift Act of 2021'' or the ``RING Act of 2021''.

SEC. 2. BILLING ERROR ASSISTANCE.

    Section 161 of the Truth in Lending Act (15 U.S.C. 1666) is amended 
by adding at the end the following:
    ``(f) Billing Error Assistance.--
            ``(1) In general.--Not later than 1 year after the date of 
        the enactment of this subsection, each creditor shall--
                    ``(A) establish and publish the phone number for a 
                toll-free phone line that is dedicated to directly 
                assisting obligors age 50 and older to navigate the 
                process described in this section for resolving billing 
                errors, including the mitigation of fraudulent 
                activity; and
                    ``(B) provide a clear, understandable, and 
                prominent notice to such obligors of the availability 
                of such phone line through, email, websites, mailings, 
                and other forms of communication as determined helpful 
                and appropriate by the creditor.
            ``(2) Personally identifiable information.--Each creditor 
        shall ensure that the operator of any phone line established 
        pursuant to paragraph (1) does not require any obligor to 
        disclose personally identifiable information, including a 
        social security number, to verify the age of such obligor.''.
                                 <all>