Reps. Garcia and Grothman Re-Introduce 36 Percent Rate Cap Bill
Reps. Garcia and Grothman Re-Introduce 36 Percent Rate Cap Bill U.S. Reps. Jesus “Chuy” Garcia (D-Ill.) and Glenn Grothman (R-Wisc.) recently introduced their Veterans and Consumers Fair Credit Act in an effort to extend the 36 percent rate cap established on small...
CFPB Sues Pawn Lenders for MLA Violations
CFPB Sues Pawn Lenders for MLA Violations Earlier this month, the Consumer Financial Protection Bureau (CFPB) sued FirstCash, Inc. and Cash America West, Inc., two pawn lenders that the Bureau alleges violated the Military Lending Act (MLA) by charging active-duty...
House Financial Services Committee Passes Six Bills
House Financial Services Committee Passes Six Bills During a markup last week, the House Financial Services Committee (HSFC) passed six bills which the committee says will protect investors, reform credit union governance, and ensure fair employment opportunities for...
