Loan Shark Prevention Act

GPTKB entity

Statements (16)
Predicate Object
gptkbp:instanceOf gptkb:legislation
gptkbp:aimsTo protect consumers from predatory lending
gptkbp:appliesTo credit cards
consumer loans
https://www.w3.org/2000/01/rdf-schema#label Loan Shark Prevention Act
gptkbp:interestRateCap 15%
gptkbp:introduced gptkb:Alexandria_Ocasio-Cortez
gptkb:Bernie_Sanders
gptkbp:introducedIn gptkb:United_States_Congress
2019
gptkbp:opposedBy banking industry
gptkbp:purpose to cap interest rates on consumer loans
gptkbp:status not enacted as of 2024
gptkbp:supportedBy progressive lawmakers
gptkbp:bfsParent gptkb:AOC
gptkbp:bfsLayer 5