DURBIN, MERKLEY, CARTWRIGHT, COHEN INTRODUCE BICAMERAL BILL TO CRACK DOWN ON PREDATORY LENDING PRACTICES
WASHINGTON – U.S. Senators Dick Durbin (D-IL) and Jeff Merkley (D-OR) were joined by U.S. Representatives Matt Cartwright (D-PA-17) and Steve Cohen (D-TN-09) in introducing the bicameral Protecting Consumers from Unreasonable Credit Rates Act, legislation that would eliminate the excessive rates and fees that many consumers are charged for payday loans,