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Legal Commentary

: Res ipsa loquitur

Senate Votes Down Limits on Credit Card Interest Rate

By jonathanturley

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The Senate overwhelmingly rejected an effort to impose a 15 percent cap on interest rates for banks and credit card companies yesterday. The banking and credit card lobby had made this vote a priority with literally hundreds of lobbyists working members. It was an interesting alliance of Republican and Deomocratic members on [...]

Full post as published by Res ipsa loquitur on May 15, 2009 (boomark / email).

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