Monday, July 2, 2018

State AGs Slam Congress' Attempts to Gut Predatory-Lending Laws

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State AGs Slam Congress' Attempts to Gut Predatory-Lending Laws SACRAMENTO, Calif. — The Attorneys General from 20 states, including California's Xavier Becerra, have signed a letter to Congress, slamming two bills that would gut current state laws meant to protect people from predatory lenders. HR 3299 and HR 4439 would clear the way for payday lenders to evade state usury laws and make loans with triple-digit interest rates, by making deals to operate under a bank's charter. ...(Read More)