Bernie Sanders and AOC??™s intend to crack straight straight down on high-interest loans, explained

Posted by: on Sep 30, 2020 in Massachusetts Payday Loan | No Comments

Bernie Sanders and AOC??™s intend to crack straight straight down on high-interest loans, explained

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Sen. Bernie Sanders (I-VT) and Rep. Alexandria Ocasio-Cortez (D-NY) have proposal that is deceptively simple make banking better: cap interest levels on customer loans at 15 % each year.

The avoid Loan Sharks Act is a sweeping policy proposition that will impact not only the charge card industry ??” one of many goals of instant protection associated with the bill ??” but in addition other sectors for the monetary solutions industry.

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