Democrats Begin New Push for National Usury Ceiling
Senate Majority Whip Durbin (D-IL) and 3 senior Democrats have renewed their longstanding campaign for a national usury cap, reintroducing legislation to cap fees and interest on all open- and closed-end consumer loans at 36 percent.

Waters Demands Tougher M&A Reviews
Applauding President Biden’s recent competition executive order (see Client Report MERGER6), HFSC Chairwoman Waters (D-CA) today again urged the Fed to strengthen its “outdated” merger review framework to better protect consumers and the financial system.