3/10/2010

Sen. Bob Corker, R-Tenn., wants language that would crack down on payday lenders scaled back in regulatory reform legislation, according to this report. Corker has been a central figure in forging a bipartisan consensus on regulatory reform legislation now working its way through the Senate. The Senate's banking committee chairman, Sen. Chris Dodd, D-Conn., had proposed giving a newly created consumer financial protection agency authority over payday lenders.

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