Truth in Lending Act

Senate Vote on H.R.627: Motion to Waive CBA Sanders Amdt. No. 1062; To establish a national consumer credit usury rate.

In a nutshell what was proposed was an interest rate cap on Credit Cards.

So while banks are free to get into mortgage backed derivatives, hedge funds and any other manner of unsavory business that would mar the credit of other businesses; they are still permitted to loan shark their customers for flippant reasons.

Thanks a lot Senator Hagan. This two-party electoral system should just be called "Dumb and Dumber."