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Month: January 2021

Illinois rate cap bill would impact auto lending

Illinois rate cap bill would impact auto lending

The bill, which would cap the interest rate charged on installment loans below $40,000 at 36 percent, illustrates the tightrope regulators and government bodies walk in crafting rules that expand credit access for high-risk populations without burying those borrowers under insurmountable debt.

‘Cancel culture’ comes to the Florida Legislature in crackdown on tech companies | Editorial

‘Cancel culture’ comes to the Florida Legislature in crackdown on tech companies | Editorial

Republicans say they don’t like “cancel culture” but that’s exactly what’s being proposed in two Florida bills that would force the state and local governments to quit doing business with the nation’s biggest tech companies, all based on phony First Amendment claims.