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Dallas Examiner President Biden signs bipartisan bill to curb predatory lending    In recent years, consumer finance protections withered through a series of harsh attacks that either outright rejected or significantly diminished financial guardrails in the marketplace. But a new consumer victory, urged by a groundswell of support from everyday people, academicians and bicameral legislators signals an important step towards fair financial rules. On June 30, President Joe Biden’s signature ended an ill-advised rule that favored predatory loans instead of America’s consumers. “These are so called “rent-a-bank” schemes,” Biden said at the June 30 signing ceremony. “And they allow lenders to prey on veterans, seniors and other unsuspecting borrowers tapping in the – trapping them into a cycle of debt. And the last administration let it [happen], but we won’t.”

New yorkUnited statesCapitol hillNew jerseySouth dakotaCharlene crowellMaxine watersGraciela aponte diazSherrod brownChris van hollenJoe bidenNational consumer law centerHouse financial services committeeUs senate committee on bankingOffice of the comptrollerPresident joe biden