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Anne Fleming

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FILE - This April 3, 2015, file photo, shows an ACE Cash Express outlet on San Mateo Boulevard in Albuquerque, N.M. The outlet sits on a block which has several small loan storefronts. The lenders who advance people money on their paychecks charge exorbitant interest rates that often snare the most vulnerable customers in a cycle of debt, the industry’s critics have long said. Yet even consumer advocates who loathe the industry admit it fulfills a need: Providing small amounts of cash quickly to people who can’t qualify for credit cards or a bank loan. (AP Photo/Vik Jolly, File) (AP)

Sanders and AOC want to cap interest rates on consumer loans at 15% — here’s why that’s a bad idea

Anne Fleming
FILE - In this Thursday, Oct. 13, 2016, file photo, returned boxes of Samsung Electronics' Galaxy Note 7 smartphones are placed at a shop of South Korean mobile carrier in Seoul, South Korea. On Tuesday, March 28, 2017, Samsung said it's considering bringing the recalled, fire-prone Note 7 back to market as a refurbished or rental phone after consulting with regulatory authorities and carriers and assessing local demands. Samsung killed the Note 7 phone after dozens of phones overheated and caught on fire. Samsung conducted extensive tests since then and has blamed multiple design and manufacturing defects in batteries made by two different companies. (AP Photo/Lee Jin-man, File) (AP)

Consumer rights are worthless without enforcement

Anne Fleming