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Major U.S. Banks Express Tentative Support for Interest Rate Cap of 36%

In a Senate Committee on Banking, Housing, and Urban Affairs hearing, Senator Jack Reed of Rhode Island asked the CEOs of prominent U.S. Banks about their support of a 36% cap on interest rates on consumer loans. The lineup of banks included Wells Fargo, JPMorgan Chase, Goldman Sachs, Citigroup, and Bank of America. There was […]


The post Major U.S. Banks Express Tentative Support for Interest Rate Cap of 36% appeared first on TechBullion.


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