HARRISBURG, Pa. - In one of his last actions as governor of the Keystone State, Robert P. Casey signed a law that would make it easier for banks to make direct consumer loans.

The law makes consumer loans by banks subject only to federal Truth-in- Lending laws, rather than the 11 different state consumer lending laws that have conflicting rates, regulations, and exceptions.

Other loans and nonbank consumer loans are still subject to the other laws, however.

The law also allows banks to set a floating credit card interest rate, linked to the higher of the National Credit Union Act's 18% limit or the five-year Treasury bond rate, plus 10%.

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