RING Act of 2021

Bill: 117-hr-3489
Sponsor: full_name: Rep. Davis, Rodney [R-IL-13]
Introduced: 2021-05-25
Policy area: Finance and Financial Sector
Subjects: Aging

Consumer affairs

Consumer credit

Fraud offenses and financial crimes

Right of privacy

Telephone and wireless communication
Latest action: action_date: 2021-05-25
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2021-05-25
action_desc: Introduced in House
text: <p><strong>Reporting Instances of Non-authorized Grift Act of 2021 or the RING Act of 2021 </strong></p> <p>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. </p>

tv_txt: I 117th CONGRESS 1st Session H. R. 3489 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.

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 . 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. .