Economics in Brief: Bipartisan Coalition to Introduce Nationw
Bipartisan Coalition to Introduce Nationwide Cash Advance Bill
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A bipartisan coalition of lawmakers plans to introduce https://www.installmentloansite.com a bill that will cap interest levels at 36 % yearly, NPR reports.
Rep. Glenn Grothman, R-Wis., Sens. Jeff Merkley (D-Ore), Sherrod Brown (D-Ohio) and Jack Reed (D-R.I.), in addition to Rep. Jes?s “Chuy” Garc?a (D-Ill.) will soon introduce the Veterans and Consumers Fair Credit Act.
“It’s hard to assume that would desire to simply take a loan out with an interest rate of 150 or 200 per cent a year,” Grothman told NPR.
