The Good, the Bad, and the Ugly Laws Passed in Wake of the Coronavirus Pandemic

It’s now springtime in the northern hemisphere, and we’re now several weeks into the COVID-19 pandemic. As consumer advocates, our job has never relinquished: we’re there to closely monitor regulatory trends in major capitals to inform and activate consumers to fight for #ConsumerChoice. With governments scrambling to protect its citizens, we’ve seen an unprecedented push…

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Ocasio-Cortez teams up with Bernie Sanders to introduce bill capping ‘outrageously high’ credit card interest rates

But critics claimed capping the interest rate would shrink the market, hurting Americans who rely on small borrowers. “The people who need access and who depend on credit cards to cover large transactions between paychecks are usually those who cannot otherwise gain access to credit and loans from banking institutions,” said Yaël Ossowski, the deputy…

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