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07:37PM (15 mins delay)
Mar 26, 2009 - 6:47 AM EDT
Part 1 in the series.
Senator Richard Durbin has a curious new bill he's flogging around Washington. The deceptively titled S. 500, "Protecting Consumers from Unreasonable Rates of Credit Act", only serves Sen. Durbin and his big banking contributors. Why? Because it seeks to effectively eliminate all forms of short-term credit except one – bounced check fees from banks.
Source: Seeking Alpha (Mar 26, 2009 - 6:47 AM EDT)
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