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>> STEVE COHEN Latest News

JUL 17, 2014 - Washington Business Journal

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Cohen, Democrats set sights on predatory lending

U.S. Rep. Steve Cohen (D-Memphis) and congressional Democrats are targeting predatory lenders with new legislation aimed at capping the high fees and interest rates lenders charge on payday loans and other consumer credit products like car title loans, which can sometimes reach 300 percent. The Protecting Consumers from Unreasonable Credit Rates Act would would limit interest rates and fees at ...

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