Consumer Protection
WASHINGTON - Senator Jeff Merkley and Reps. Suzanne Bonamici and Elijah Cummings introduced the Stopping Abuse and Fraud in Electronic (SAFE) Lending Act Tuesday, aimed at cracking down on some of the worst abuses of the payday lending industry, particularly in online payday lending, and protect consumers from deceptive and predatory practices that strip wealth from working families.
U.S. Rep. Suzanne Bonamici and her hosts at Mirador had different things to talk about during her recent visit to the small-business lending platform in Portland.
For Bonamici, an Oregon Democrat, it was the flaws in a pending renewal of federal aid to higher education — particularly the changes backed by Republicans that she views as narrowing the opportunities for students to obtain aid.
