Financial trade associations’ views of fee and interest rate cap legislation
On July 23, CUNA joined a number of trades in writing to Chairman Brown and Ranking Member Toomey.
The undersigned trade associations, representing depository institutions that serve millions of American consumers, are pleased to share our views on pending legislative measures that propose to limit the fees and interest charged on consumer loans, such as bills that would impose a national “fee and interest rate” cap of 36%.