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Loans

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

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