Rep. Loudermilk’s Weekly Newsletter

District Update

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Video of the Week: Rep. Loudermilk Discussing the SOTU on Fox Business

A Message from Rep. Loudermilk: Getting Back to Work for the American People

In the News: Dangers of National Rate Cap Highlighted During House Financial Services Committee Hearing

From the American Financial Service Association:

“Yesterday, February 5th, AFSA staff attended the House Financial Services Committee’s first of two hearings entitled, “Rent-A-Bank Schemes and New Debt Traps: Assessing Efforts to Evade State Consumer Protections and Interest Rate Caps.” The second is scheduled for February 26th.

The purpose of the hearing was to examine the need for a national rate cap on consumer loans (specifically, H.R. 5050’s 36% all-in rate cap) to protect consumers against “rent-a-banks” and payday lenders. Witnesses included consumer advocates, the sponsor of California’s “Fair Access to Credit Act”, and a research fellow from the Mercatus Center.”

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In the News: Following Trump’s acquittal, Georgia Republicans say impeachment was “illegitimate” and a waste of time

From the MDJ:

“Following the U.S. Senate’s vote to acquit President Donald Trump on Wednesday afternoon, Georgia’s Republican lawmakers further defended the president, calling the impeachment process “illegitimate,” and a waste of time.

Georgia’s two Republican senators, David Perdue and Kelly Loeffler, voted “not guilty” on both of the House of Representatives’ articles of impeachment.”