Senator Sanders to introduce bill imposing 15% or lower consumer credit interest rate cap
CFPB Monitor
MAY 16, 2019
The Sanders Bill would implicitly repeal well-established doctrines under Section 85 of the National Bank Act (enacted in 1864) and its analogue provisions (enacted in 1980) that provide usury authority for other FDIC-insured banks and thrifts. First of Omaha Corp., Supreme Court in Marquette National Bank v.
Let's personalize your content