Legislative bills
Protecting Consumers from Predatory Lending: Introducing the Protecting Consumers from Unreasonable Credit Rates Act
A new bill, the Protecting Consumers from Unreasonable Credit Rates Act, has been introduced by Senators Sheldon Whitehouse, Richard Blumenthal, and Dick Durbin to cap interest rates and fees on consumer loans, protecting hard-working Americans from predatory lending practices. The bill aims to eliminate high-cost payday loans and other forms