Big Legislative Wins for Consumers

The National Consumer Law Center (NCLC) is highlighting some big wins for consumers thanks to recent actions in Congress.

Here’s more:

In a close but ultimately bipartisan vote, the U.S. Senate last week voted to overturn a regulation issued in the waning days of the Trump Administration that would allow predatory lenders to make loans with exorbitant interest rates approaching or exceeding 200% in states that prohibit such loans. The “fake lender” rule allows non-bank lenders to ignore state interest rate limits as long as a federally-chartered…