Live Breaking News & Updates on Plain Green Loans

Stay updated with breaking news from Plain green loans. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Proposed 36% APR cap is tough sell to GOP, banks


REGISTER NOW
WASHINGTON In 2006, Congress passed a bipartisan measure imposing a 36% interest rate cap on loans to members of the military. But a Democratic proposal to extend that cap to all consumer loans has a much steeper climb.
The usury limit plan has percolated for a few years on Capitol Hill, but with Democrats now controlling both chambers of Congress and the White House, they are attempting to shine a brighter light on the idea.
Senate Banking Committee Chairman Sherrod Brown, D-Ohio, said at a hearing Thursday that 36% rate limits enacted in a number of states including both ballot initiatives and legislative measures demonstrate that there is support for enacting a federal cap. ....

United States , Capitol Hill , District Of Columbia , White House , Jack Reed , David Pommerehn , Jon Tester , Jeff Merkley , Sherrod Brown , Elizabeth Warren , Georgew Bush , Chris Van Hollen , Pat Toomey , Jerry Moran , Consumer Financial Protection Bureau , Senate Banking Committee , Consumer Bankers Association , Banking Committee Chairman Sherrod Brown , Jim Talent , President George , Plain Green Loans , Chippewa Cree Tribe , Green Loans , Military Lending Act , ஒன்றுபட்டது மாநிலங்களில் , கேபிடல் மலை ,