AFSA 2021: Dems on the Hill prioritize federal all-in interest rate cap

Republicans unanimously oppose a rate cap

© Can Stock Photo / Burdun

Federal “all-in” interest rate caps are a priority for the U.S. House of Representatives’ Financial Services Committee and certain Democratic senators, even as Republicans remain united in opposing it, and moderate Democrats voice concerns. “We will see an all-in rate cap bill,” Celia Winslow, a senior vice president at the American Financial Services Association, predicted […]

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