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Without a doubt about Senators Introduce Bill to Crack Down on payday loans online

Without a doubt about Senators Introduce Bill to Crack Down on payday loans online

Washington, DC – Today, Oregon’s Senator Jeff Merkley, Senator Tom Udall (D-NM), Senator Dick Durbin (D-IL) and Senator Richard Blumenthal (D-CT) introduced the Stopping Abuse and Fraud in Electronic (SECURE) Lending Act. The SECURE Lending Act would break straight straight straight down regarding the worst techniques associated with the online payday financing industry and present states more capacity to protect customers from predatory loans.

“We threw the payday lenders, who victimize families once they are at their many vulnerable, away from Oregon back 2007,” said Merkley.