HOT TOPICS Report: A Larger and Longer Debt Trap?: Analysis of States' APR Caps for a $10,000 Five-Year Installment Loan, Oct. 2018  Press Release Predatory Installment Lending in 2017: States Battle to Restrain High-Cost Loans, Aug. 2017 Comments to OCC on special purpose national bank charters, Jan. 17, 2017: NCLC comments. Short coalition comments. Report: Installment Loans: [...]

Policy Analysis || Additional Resources The banking industry is making forays into the high-cost lending market with “bounce protection” plans, a new form of high-cost credit that boosts fee income for banks. Using aggressive marketing techniques, banks are encouraging their low- and moderate-income customers to use bounce loans as a source of credit. Rather than [...]

Used mostly by low and moderate income consumers, tax refund anticipation loans are extremely high-cost bank loans secured by the taxpayer's expected refund -- loans that last 7-14 days until the actual IRS refund repays the loan. Even without the costly loan, most taxpayers could have their refund in two weeks or less. RALs are [...]

  HOT TOPICS Predatory Rent-a-Bank Lending CFPB Guts Curbs on Unaffordable 400% APR Payday Loans, July 7, 2020 Early Wage Access: A Good Option for Workers or a Fintech Payday Loan? State Rate Caps for $500 and $2,000 Loans: 1-pager, Report What States Can Do to Help Consumers: High Cost Loans After Payday Loans: How [...]