Put A Lid On It: The Sanders-Hawley Bill Wants To Cap Credit Card Rates. Here’s What You Need To Know
A political odd couple is joining forces to lower credit card interest rates. Sen. Bernie Sanders (I-Vt.) and Sen. Josh Hawley (R-Mo.) unveiled a bill that would cap credit card interest rates at 10%.
JD Supra9d
Senators Sanders, Hawley introduce legislation to cap credit card interest rates at 10%
Vt. and Josh Hawley, R-Mo. have introduced bipartisan legislation that could cap credit card interest rates at 10%.
Hosted on MSN2mon
Bank groups sue CFPB over rule to limit overdraft fees
The CFPB said the rule brings overdraft loan fees into compliance with the Truth In Lending Act while still allowing sufficient fees to banks and credit union overdraft loans. It added that ...
The New York Times18d
Trump Promised a Cap on Credit Card Interest Rates. Here’s His Chance.
That exact cap is contained in Tuesday’s legislation to amend the 1968 Truth in Lending Act, proposed by two senators who aren’t typically ideological allies: Bernie Sanders, the Vermont ...
FOX13 Memphis11d
Future of consumer protections in question after elimination of federal agency
The Consumer Finance Protection Bureau may be gone after fourteen years, leaving the future of consumer protections in ...
Hosted on MSN1mon
Maryville home lender accused of predatory lending
According to the CFPB, Vanderbilt Mortgage & Finance, a subsidiary of Clayton Homes, violated the Truth in Lending Act and Regulation Z by approving loans without properly verifying a borrowers ...
Hawaii Tribune-Herald16d
Trump promised a cap on credit card interest rates. here’s his chance.
Two senators plan to introduce a bill Tuesday to impose a tight cap on credit card interest rates, reviving a proposal that is sure to draw howls from banks and other lenders.