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The latest value for lending interest rate (%) in United States was 3.51 as of 2016. Over the past 56 years, the value for this indicator has fluctuated between Definition: Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector.
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Several Republicans and Democrats in the House of Representatives introduced bipartisan legislation to nullify the CFPB’s final rule for the small-dollar lending market using the Congressional Review.