Durbin Leads Colleagues In Introducing Bill To Protect Consumers From Predatory, High Cost Lending

Press Release

"Too many Americans suffer long-term financial harm from predatory loans and deceptive tactics. We need federal legislation that cracks down on predatory lending and closes loopholes used to exploit hard-working Americans. The Protecting Consumers from Unreasonable Credit Rates Act would eliminate high-cost payday loans and other costly forms of credit that trap vulnerable consumers in endless debt cycles."

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