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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. ....
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