Rep. Barney Frank holds a hearing today on a bill that would establish a "Financial Consumer Protection Agency" to oversee the lending industry, including banks, credit cards, overdraft charges, and lending payday. That may help explain why a group of activists for the poor and the ministers of the area held a news conference Tuesday calling for a cap on expenses Missouri payday loan interest (see video here). A key proposal: limiting the benefit of a payday loan annual rate of 36%.
"It would be equivalent to about $ 1.38 in revenue to $ 100 lent, barely enough to pay our expenses which include salaries, rent and utilities to keep our doors open. A 36% cap rate eliminating a OF CREDIT option for those who need it most. "(Capitalization in original) Frank has sweetened its original plan, but business groups - including the U.S. Chamber of Commerce - will still compete against.
A 36% APR CAP is a law absolutely prohibitive - Tom Linafelt
A low turnout is an indication of fewer people going to the polls - Dan Quayle
Have you ever played a long time? - Queen Elizabeth II, and rock legend Eric Clapton
Hurray, boys! We have them. We're going to finish - General George Custer before Little Big Horn
I confess I am not one of the great linguists - George W Bush
I think there would be many people alive today if he had the death penalty - Nancy Reagan
I do not have sexual relations with that woman, Miss Lewinsky - Bill Clinton
I loved Jordan. He was one of the greatest athletes - Mariah Carey, the death of the King of Jordan
I think the film Clueless was very deep - Alicia Silverstone
I learned not to put things in my mouth that are bad for me - Monica Lewinsky
I am much more than a pair of boobs - Pamela Anderson
Joe Wilson is a citizen "" Back in citizen legislature. In 2010, sending more to Washington, DC and wipe the trough feeders, race-baiters, flare up, political hacks, ass-kissers, bastards, leeches and liars. The entire banking sector needs regulation on the Ying Yang - I'm still smarting from what they did for me on my credit card and for no other reason than to reap millions of people and / or billions more interest income. When Chase Card Services said they made me switch from a fixed to a variable and increased my interest immediately and then over who told me it was my duty with a history excellent credit to pay more because many people were defaulting during these difficult times, I knew right then and there, they were criminals and should be prosecuted for theft as far as I am concerned. But no, politicians continue to take care of these jays and enable them to begin or continue their business monkey all over again. Dirty rotten big biz and political dirty rotten generate contempt by people who I hope will get his head screwed on right before going to the polls again - if indeed they even make the effort to go to polls - people have themselves to blame for many of our problems by their apathy.
"It would be equivalent to about $ 1.38 in revenue to $ 100 lent, barely enough to pay our expenses which include salaries, rent and utilities to keep our doors open. A 36% cap rate eliminating a OF CREDIT option for those who need it most. "(Capitalization in original) Frank has sweetened its original plan, but business groups - including the U.S. Chamber of Commerce - will still compete against.
A 36% APR CAP is a law absolutely prohibitive - Tom Linafelt
A low turnout is an indication of fewer people going to the polls - Dan Quayle
Have you ever played a long time? - Queen Elizabeth II, and rock legend Eric Clapton
Hurray, boys! We have them. We're going to finish - General George Custer before Little Big Horn
I confess I am not one of the great linguists - George W Bush
I think there would be many people alive today if he had the death penalty - Nancy Reagan
I do not have sexual relations with that woman, Miss Lewinsky - Bill Clinton
I loved Jordan. He was one of the greatest athletes - Mariah Carey, the death of the King of Jordan
I think the film Clueless was very deep - Alicia Silverstone
I learned not to put things in my mouth that are bad for me - Monica Lewinsky
I am much more than a pair of boobs - Pamela Anderson
Joe Wilson is a citizen "" Back in citizen legislature. In 2010, sending more to Washington, DC and wipe the trough feeders, race-baiters, flare up, political hacks, ass-kissers, bastards, leeches and liars. The entire banking sector needs regulation on the Ying Yang - I'm still smarting from what they did for me on my credit card and for no other reason than to reap millions of people and / or billions more interest income. When Chase Card Services said they made me switch from a fixed to a variable and increased my interest immediately and then over who told me it was my duty with a history excellent credit to pay more because many people were defaulting during these difficult times, I knew right then and there, they were criminals and should be prosecuted for theft as far as I am concerned. But no, politicians continue to take care of these jays and enable them to begin or continue their business monkey all over again. Dirty rotten big biz and political dirty rotten generate contempt by people who I hope will get his head screwed on right before going to the polls again - if indeed they even make the effort to go to polls - people have themselves to blame for many of our problems by their apathy.
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