Senate Democrat is about to take the brakes off predatory payday lenders

Back in July, Senator Mark Warner [D-VA, @MarkWarner, 202-224-2023] introduced S.1642 - The Protecting Consumers' Access to Credit Act of 2017, which bans states from capping the interest rates charged by payday lenders who serve poor and vulnerable people, so long as the payday lenders partner with a national bank. (more…)