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President Biden signs bipartisan bill to curb predatory lending

Dallas Examiner President Biden signs bipartisan bill to curb predatory lending    In recent years, consumer finance protections withered through a series of harsh attacks that either outright rejected or significantly diminished financial guardrails in the marketplace. But a new consumer victory, urged by a groundswell of support from everyday people, academicians and bicameral legislators signals an important step towards fair financial rules. On June 30, President Joe Biden’s signature ended an ill-advised rule that favored predatory loans instead of America’s consumers. “These are so called “rent-a-bank” schemes,” Biden said at the June 30 signing ceremony. “And they allow lenders to prey on veterans, seniors and other unsuspecting borrowers tapping in the – trapping them into a cycle of debt. And the last administration let it [happen], but we won’t.”

Challenges galore for Modi s new team : The Tribune India

637 Elevation: Among the high-profile promotees is Mansukh Mandaviya (R), who has been given the charge of Health and Chemicals & Fertilisers. PTI Neerja Chowdhury Political Commentator IN 2014, when PM Narendra Modi formed his first Cabinet, it carried a touch of Arun Jaitley. It included many Jaitley ‘boys and girls’ like Nirmala Sitharaman, Piyush Goyal, Dharmendra Pradhan and Prakash Javadekar. Jaitley himself got Finance and was given the additional charge of Defence. In 2021, the Cabinet reshuffle bears the stamp of Amit Shah, be it the elevation of Anurag Thakur, G Kishan Reddy, Parshottam Rupala or the induction of Bhupendra Yadav or Meenakshi Lekhi and several others. This is not surprising, for the Prime Minister relies on Shah’s counsel on most matters.

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