Posts Tagged “Congress”

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Boston Globe

Dodd to Defang Financial Reform?The Nation.If the CFPA says that banks can’t gouge customers with outrageous credit card fees, deceptive mortgage maneuvering or even unfair payday loans, …Long after Wall Street’s crisis, Congress still arguing over fix MiamiHerald.comPlan Advances to Bolster Fed’s Role in Consumer Protection Wall Street JournalIn Senate, a Renewed Effort to Reach a Consensus on Financial Regulation New York Times WebCPA  - eCreditDaily.com  - The Associated Pressall 921 news articles »

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Rally urges payday loan limitsLouisville Courier-JournalThe measure would limit to 36 percent the annual interest payday lenders could charge — the rate Congress imposed in 2007 on payday loans to military …and more »

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Protecting Ourselves, Until Congress Heeds the CallHuffington Post (blog)Little good can come from payday loans, which trap borrowers in a vicious cycle of debt, increase the likelihood of default on other loans, and strip wealth …

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webmaster@technorati.com wrote an interesting post today on
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Members of the Coalition for Responsible Lending said at a news conference Monday in Louisville that they want lawmakers in the 2010 legislative session to cap at 36 percent the annual interest on cash advance loans — the same rate Congress imposed in 2007 on payday loans for military personnel..

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A special collaboration between the NewsHour and Frontline looks at how a military program aims to protect consumers from amassing too much debt.

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