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AFR Applauds Introduction of Veterans and Consumers Fair Credit Act Bipartisan legislation referred to as Veterans and Consumers Fair Credit Act would expand Military Lending Act defenses on payday advances to veterans and civilians alike Washington, DC – People in the us for Financial Reform today applauded the development of the Veterans and Consumers Fair Credit Act of 2019, legislation that could expand the 36 per cent APR rate of interest limit on payday and lenders that are car-title the Military Lending Act (MLA) to pay for all Us americans.
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