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ADVERTISEMENT Senate Dems Push For Federal Consumer Loan Rate Cap Law360 (July 29, 2021, 7:21 PM EDT) Senate Democrats are renewing an effort to curb high-cost lending with consumer advocate-backed legislation that would set a national 36% interest rate cap on consumer loans, drawing pushback from Republicans and industry representatives on Thursday. At a Senate Banking Committee hearing, Chairman Sherrod Brown, D-Ohio, said he s optimistic that bipartisan support can be found for passing the Veterans and Consumers Fair Credit Act, which would extend certain military borrower protections found in the Military Lending Act. The bill, which was reintroduced this week by Sen. Jack Reed, D-R.I., Brown and a number of other Senate Democrats, would broaden the reach of.

Jack reedSherrod brownSenate democratsA senate banking committeeSenate banking committeeChairman sherrod brownConsumers fair credit actMilitary lendingபலா நாணல்ஷெரோட் பழுப்புசெனட் ஜனநாயகவாதிகள்செனட் வங்கி குழுதலைவர் ஷெரோட் பழுப்புநுகர்வோர் நியாயமான கடன் நாடகம்இராணுவம் கடன்