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Sen. Jones Introduces Bill to Amend Truth in Lending Act

by MYRA TUGADE

WASHINGTON, Dec. 12 -- Sen. Doug Jones, D-Ala., has introduced legislation (S. 3734) to amend the Truth in Lending Act "to prohibit the distribution of any check or other negotiable instrument as part of a solicitation by a creditor for an extension of credit, to limit the liability of consumers in conjunction with such solicitations."

The bill was introduced on Dec. 11 and was co-sponsored by Sen. Tom Cotton, R-Ark., and Jeff Merkley, D-Ore. It was referred to the Senate Banking, H . . .

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