10 Mar, 2010
Time for a federal rate cap for payday lenders and credit cards
Posted by: arabellasays In: Economic Notions| Politics as Usual
So the Senate Banking Committee is trying to hash out legislation creating a new consumer protection agency that would have the power to write and enforce rules governing payday lenders, debt collectors and other financial companies that are not part of banks. Sen. Bob Corker (R-TN) is pushing to exempt the payday loan industry from [...]
