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GOP Legislator Bill Would Cap Securities Lending Interest Rates at 36% | Local News

PHOENIX — A Mesa GOP lawmaker is proposing what he concedes is a very un-Republican thing. Senator David Farnsworth has introduced two bills to cap the interest rate that can be charged by securities lenders at 36%. This compares to rates of up to 17% – per month. Farnsworth also wants to close what he […]