Financial Services | Citizens Against Government Waste

Financial Services

Caps on Consumer Loans Hurt More Than They Help

H.R. 5050, the Veterans and Consumers Fair Credit Act, would extend the 36 percent usury annual percentage rate (APR) cap under the 2006 Military Lending Act (MLA) to all consumers, stifling credit access for those that need it most.

February 5, 2020 — Peter Klensch 1580942176

Hensarling’s CHOICE: “Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs”

With his newest catch-phrase, “Economic Growth for All, and Bank Bailouts for None,” House Financial Services Committee Chairman Jeb Hensarling (R-Texas) unveiled the key principles underpinning his proposal to replace the Dodd-Frank Act with “real reforms that work,” in a speech earlier today to the Economic Club of New York.

The following represent the key principles of the “Financial CHOICE Act,” to be introduced as legislation in the near future:

June 7, 2016 — William Christian 1465326350

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