Senators Introduce SAFE Lending Act to Protect Consumers from Predatory Practices in Payday Lending

WASHINGTON, D.C. –(ENEWSPF)–April 7, 2016.  Today, Oregon’s Senator Jeff Merkley and Senators Tom Udall (D-NM), Bernie Sanders (I-VT), Patty Murray (D-WA), Dick Durbin (D-IL), Richard Blumenthal (D-CT), Elizabeth Warren (D-MA), Tammy Baldwin (D-WI), Edward J. Markey (D-MA), Ron Wyden (D-OR), and Cory Booker (D-NJ) introduced the Stopping Abuse and Fraud in Electronic (SAFE) Lending Act. The SAFE Lending Act would crack down on some of the worst abuses of the payday lending industry, particularly in…