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Whitehouse, Durbin Introduce Bill to Crack Down on Payday Advances

Whitehouse, Durbin Introduce Bill to Crack Down on Payday Advances Legislation would cap interest levels and costs at 36 per cent for several credit rating deals Washington, D.C. – U.S. Senator Sheldon Whitehouse (D-RI) has joined Senate Democratic Whip Dick Durbin (D-IL) in launching the Protecting customers from Unreasonable Credit Rates Act of 2019, legislation that could eradicate the excessive …