50-State Survey Finds Larger Loans Need Lower Rates
Everything that is wrong with a high-cost loan is only made worse when the loan is larger and the terms are longer.
Read More about 50-State Survey Finds Larger Loans Need Lower Rates
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Everything that is wrong with a high-cost loan is only made worse when the loan is larger and the terms are longer.
Read More about 50-State Survey Finds Larger Loans Need Lower Rates
Advocates praised action taken by the CFPB to stop credit card lenders from raking in billions of dollars from excessive late fees.
Senator Jack Reed (D-RI) introduced the Predatory Lending Elimination Act, which extends to veterans and all consumers the 36% annual percentage rate cap found in the Military Lending Act and prevents the use of junk fees to hide high-cost loans.
Read More about Senate Introduces 36% Rate Cap Bill to Curb High-Cost Loans, Junk Fees
Clear Rate Caps that Prevent Evasions are Critical to Protecting Consumers from Unaffordable Loans
New Policy Briefs from CRL and NCLC recommend protections to shield consumers from abusive fintech cash advances.
Read More about Consumers Need Strong Protections from Fintech Cash Advances that Create Debt Traps
DC joins two states in stopping rent-a-bank loans by EasyPay Finance and TAB Bank that evade state interest rate laws WASHINGTON – Advocates applauded today’s announcement by the Office of the Attorney General (AG) of the District of Columbia that DC has forced EasyPay Finance to stop making loans up to 198.98% despite DC’s 24%…
Read More about 199% Auto Repair, Pet Loans Face Crackdown by DC, States