Federal bill would cap loan interest for customers

Federal bill would cap loan interest for customers Wisconsin Republican Grothman joins Democrats in sponsoring legislation to discharge borrowers from ‘debt trap’ Wisconsin Congressman Glenn Grothman (R- Glenbeulah ) introduced bipartisan legislation this week along side a few modern co-sponsors that geared towards protecting customers from predatory lenders. “Just on its face, where you’re getting interest levels up over 300%, …