H.R. 6667 (112th): Financial Consumers Association Act of 2012

Dec 13, 2012 (112th Congress, 2011–2013)
Died (Referred to Committee)
Dennis Kucinich
Representative for Ohio's 10th congressional district
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Last Updated
Dec 13, 2012
44 pages

This bill was introduced on December 13, 2012, in a previous session of Congress, but was not enacted.

Introduced Dec 13, 2012
Referred to Committee Dec 13, 2012
Full Title

To establish the Financial Consumers Association to advance the rights and remedies available to consumers with respect to financial services transactions, and for other purposes.


No summaries available.


House Financial Services

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Primary Source

THOMAS.gov (The Library of Congress)

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H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

Financial Consumers Association Act of 2012 - Authorizes the establishment of, and sets forth operational requirements for, a nonprofit corporation to be known as the Financial Consumers Association whose mission shall be to advance the rights and remedies available to consumers with respect to financial services, by developing initiatives to reduce the use of dangerous features in financial products and services, and to improve the flow of accurate information to consumers.
Includes among the Association's duties to:
(1) represent and promote the interests of financial services consumers and negotiate on their behalf,
(2) take affirmative measures to encourage membership by low- and moderate-income and minority consumers and disseminate information and advice,
(3) monitor the availability and quality of financial services to low- and moderate-income constituencies and the elderly, and
(4) develop data to assist financial services consumers in making informed decisions in the marketplace.
Gives the Association the right to include inserts in financial services mailings, in paper or by electronic means, that inform customers about the Association and its representation of financial services consumers and solicit information and contributions or membership fees.
Requires annual reports to the President and Congress on the Association's activities of the preceding year.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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