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
Clear Rate Caps that Prevent Evasions are Critical to Protecting Consumers from Unaffordable Loans
Airing during NPR’s Morning Edition on Mar. 30, 2023, Lauren Saunders talks about Apple allowing some iPhone users to pay for purchases up to $1,000 in installments using Apple Pay Later. Buy now, pay later loans can be tricky, said Lauren Saunders, associate director at the National Consumer Law Center. “They can make things look…
Read More about NPR: Apple rolls out Apple Pay Later — a buy now, pay later service
June 22, 2022 NCLC’s Review of State Consumer Protection Laws Sees States Gaining, Losing Protections for Popular $2,000 Two-Year and $500 Six-Month Installment Loans WASHINGTON – A new report from the National Consumer Law Center finds progress toward a 36% APR cap for common short-term and longer-term loans in some states. In states that allow…
Read More about 50-State Survey: State Predatory Lending Laws Show Significant Changes
November 17, 2021 Bipartisan bill enacts rate cap popular among voters of all stripes WASHINGTON – Advocates at the National Consumer Law Center applauded the introduction of the Veterans and Consumers Fair Credit Act (VCFCA) in the U.S. House of Representatives, led by Rep. Jesus “Chuy” Garcia (D-IL) and Rep. Glenn Grothman (R-WI). “Republican and…
Read More about U.S. House Introduces 36% Rate Cap Bill to Curb High-Cost, Predatory Loans
FOR IMMEDIATE RELEASE: July 29, 2021 Washington, D.C. – Attorneys at the National Consumer Law Center praised the introduction yesterday of the Veterans and Consumers Fair Credit Act in the U.S. Senate, led by U.S. Senators Jack Reed (D-RI), Jeff Merkley (D-OR), Sherrod Brown (D-OH), and Chris Van Hollen (D-MD), along with seven other original…