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Keyword: ab1965

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  • California Lawmakers Reject Predatory Lending Protection Bill

    09/08/2006 4:46:02 PM PDT · by Excuse_My_Bellicosity · 12 replies · 395+ views
    Navy Newsstand ^ | 9/8/2006 3:31:00 PM | Mass Communication Specialist 3rd Class S. C. Irwin
    SAN DIEGO (NNS) -- Navy officials said they will continue to pursue predatory lending legislation after California lawmakers significantly weakened language and then voted against Assembly Bill (AB) 1965 on the last day of session, Aug. 31. Lawmakers in the California Senate rejected a bill that proposed a 36 percent rate cap for payday loans, deferral of payments while deployed and a grace period for up to 30 days upon a service member returning from a deployment. “If you [a civilian] choose to find yourself in this situation, your job is not at risk, national security is not in jeopardy,”...