On the recordApril 9, 2013
Mr. President, we can allow American consumers today to keep more of their hard-earned money by establishing a reasonable fee and an annual interest rate cap, combating abuses by Internet payday lenders, and eliminating bank payday loans. Families and their communities are sure to benefit by saving more and putting more of their earnings back into the economy. Mr. President, I ask unanimous consent that the text of the bill be printed in the Record. There being no objection, the text of the bill was ordered to be printed in the Record, as follows: S. 673 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Protecting Consumers from Unreasonable Credit Rates Act of 2013''. SEC. 2. FINDINGS.…
