Merkley, Bonamici, Cummings Introduce SAFE Lending Act to Protect Consumers from Predatory Practices in Payday Lending
WASHINGTON, D.C. – Today, Oregon’s Senator Jeff Merkley, along with Congresswoman Suzanne Bonamici (D-OR) and House Oversight Chairman Elijah Cummings (D-MD), introduced the Stopping Abuse and Fraud in Electronic (SAFE) Lending Act. The SAFE Lending Act would crack down on some of the worst abuses of the payday lending industry,