Durbin Leads Colleagues In Introducing Bill To Protect Consumers From Predatory, High Cost Lending
September 06, 2023
September 06, 2023
WASHINGTON, Sept. 6 -- Sen. Richard J. Durbin, D-Illinois, issued the following news release:
WASHINGTON - U.S. Senate Majority Whip Dick Durbin (D-IL) and U.S. Senators Jeff Merkley (D-OR), Richard Blumenthal (D-CT), and Sheldon Whitehouse (D-RI) today introduced legislation that would cap fees and interest on consumer loans at an Annual Percentage Rate (APR) of 36 percent--the same limit currently in place for loans marketed to military service members and their families. Studies . . .
WASHINGTON - U.S. Senate Majority Whip Dick Durbin (D-IL) and U.S. Senators Jeff Merkley (D-OR), Richard Blumenthal (D-CT), and Sheldon Whitehouse (D-RI) today introduced legislation that would cap fees and interest on consumer loans at an Annual Percentage Rate (APR) of 36 percent--the same limit currently in place for loans marketed to military service members and their families. Studies . . .