Bernie Sanders, the Vermont Senator, recently announced his intent to introduce a legislative bill known as the “Loan Shark Prevention Act.” The proposed law will amend the Truth in Lending Act (TILA) to establish a “national consumer credit usury rate”, which would limit the Annual Percentage Rate (APR) “applicable to any extension of credit” to […]
Senator Sanders Introduces Bill That Caps Consumer Interest Rates at 15% Read More »
