FCCB Seeking Amendment to Consumer Loan Bill

This week Tammy Fecci, associate for life and dignity, indicated in committee that the FCCB is seeking an amendment on SB 1436 (Burton) and HB 1347 (Brackett) that would make new rate caps on consumer finance loans "all-inclusive" of  interest, fees, other charges, and ancillary products made in connection with the consumer's transaction. SB 1436 passed the Appropriations Committee on Agriculture, Environment, and General Government by an 8-2 vote on Tuesday. HB 1347 unanimously passed the Commerce Committee on Thursday.