Rubio, Brown Want To Outlaw Confession Loans For Small Businesses

U.S. Senators Sherrod Brown and Marco Rubio have called for a ban on confessions of judgement, a tactic predatory lenders use to make borrowers forfeit the right to defend themselves in court, according to a report from Bloomberg. Brown, a Democrat on the Senate Banking Committee from Ohio, and Rubio, a Republican from Florida, said […]

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