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Economics in Brief: U.S. House Dems Disagree on Cash Advance Caps. A bill that will impose a…

Economics in Brief: U.S. House Dems Disagree on Cash Advance Caps. A bill that will impose a…

A bill that will impose a nationwide limit of 36 % interest on customer loans gotten bipartisan critique at a hearing Wednesday, though its supporters nevertheless say the bill is necessary to protect susceptible People in the us, United states Banker reports. Initially introduced by way of a coalition that is bipartisan now both Democrats and Republicans regarding the House Financial solutions Committee are raising concerns that the across-the-board price cap would stop loans to those who need them probably the most. Read more

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