Sen. Daniel K. Akaka, D-Hawai‘i, introduced legislation recently to improve access to banks and alternatives to payday loans.
The bill is cosponsored by Sens. Charles E. Schumer, D-New York; Joseph Lieberman, ID-Conn.; and Daniel K. Inouye, D-Hawaii.
This bill will also encourage banks and credit unions to provide an affordable alternative to predatory payday loans which typically [...]
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