All Issues

High-Cost Credit

Predatory lending strips wealth from vulnerable consumers and communities. High-cost lenders use a variety of methods to evade consumer protection laws and even to deny they are offering credit. NCLC fights for reasonable and effective interest rate limits, affordable small dollar loans, and an end to abusive practices and evasions by payday lenders, online lenders, credit cards, and newer fintech forms of credit.

Key Topics

Credit Cards

Protecting consumers against credit card abuses.

Fintech & Disguised Credit

NCLC works to ensure that new and evasive forms of credit have strong consumer protections.

Interest Rate, Usury & Other Credit Laws

Supporting effective state and federal interest rate limits and credit laws.

Payday & Installment Loans

Fighting high-cost, predatory loans and supporting affordable small dollar credit.

Rent-a-Bank Loans

Fighting schemes that help lenders evade state interest rate limits.

Featured

Recent Resources

View All for Recent Resources
Risks and Advice for Buy Now, Pay Later Borrowers

May 19, 2025

DailyPay Extracts Hundreds of Dollars From Low-Wage Workers’ Pay

May 8, 2025

Letter Opposing Connecticut S 1396 Earned Wage Advances

May 8, 2025

Testimony in Support of Rhode Island H 6055 on Interest and Usury

April 24, 2025

CFPB and Chamber of Commerce Move To Remove Limits on Credit Card Late Fees

April 15, 2025

NY AG Lawsuit Shows Dangers of Fintech Payday Loan Bills

April 15, 2025

Letter Urging Veto of MD HB 1294, Earned Wage Advance

April 11, 2025

CFPB Allows Payday Lenders to Inflict Multiple NSF and Overdraft Fees on Struggling Consumers

March 28, 2025

Testimony Opposing Maryland HB 1294 Earned Wage Access

March 21, 2025

Comments & Letters

View All for Comments & Letters
Letter Opposing Connecticut S 1396 Earned Wage Advances

May 8, 2025

Letter Urging Veto of MD HB 1294, Earned Wage Advance

April 11, 2025

201 Groups Oppose Repealing CFPB Overdraft Fee Rule

February 5, 2025

Letter in Opposition to New Mexico HB 59

January 31, 2025

EGRPRA Comments to FDIC on Interest Rate Authority

October 30, 2024

Comments on Risks of Bank-Fintech Arrangements Involving Lending

October 30, 2024

NCLC, CRL & CFA Comments in Support of CFPB’s Proposed Interpretive Rule on Earned Wage Advances

August 30, 2024

165 Organizations and Academics Support the CFPB’s Paycheck Advance Interpretive Rules

August 29, 2024

NCLC Comments Supporting CFPB Proposal to Ban Medical Debt From Credit Reports

August 12, 2024

Reports

View All for Reports
Predatory Installment Lending in the States: How Well Do the States Protect Consumers Against High-Cost Installment Loans? (2024)

November 21, 2024

Larger Loans Need Lower Rates: A 50-State Survey of the APRs Allowed for a $10,000 Loan

March 6, 2024

Predatory Installment Lending in the States: How Well Do the States Protect Consumers Against High-Cost Installment Loans? (2023)

November 21, 2023

Predatory Installment Lending in the States: How Well Do the States Protect Consumers Against High-Cost Installment Loans? (2022)

June 28, 2022

Report: Predatory Lenders TAB Bank & Easypay Finance Harm Veterans & Military Servicemembers

May 24, 2022

Predatory Auto Repair Loans by TAB Bank and EasyPay Finance

May 11, 2022

Predatory Puppy Loans by TAB Bank and EasyPay Finance

February 1, 2022

Predatory Installment Lending in the States: How Well Do the States Protect Consumers Against High-Cost Installment Loans? (2021)

May 27, 2021

Predatory Installment Lending in the States: 2020

February 28, 2020

Issue Briefs

View All for Issue Briefs
Risks and Advice for Buy Now, Pay Later Borrowers

May 19, 2025

DailyPay Extracts Hundreds of Dollars From Low-Wage Workers’ Pay

May 8, 2025

What States Can Do: Medical Credit Cards and Other Medical Lending Products

February 25, 2025

Comparing APRs on Small Loan Alternatives

January 7, 2025

What States Can Do To Help Struggling Consumers

January 2, 2025

New Rights for Buy Now, Pay Later Purchases

December 2, 2024

Fact Sheet: State Annual Percentage Rate (APR) Caps for $500, $2,000, and $10,000 Installment Loans

November 12, 2024

2025 Consumer Protection Federal Priorities

October 21, 2024

High-Cost Rent-a-Bank Loan Watch List

September 26, 2024

Testimony

View All for Testimony
Testimony in Support of Rhode Island H 6055 on Interest and Usury

April 24, 2025

Testimony Opposing Maryland HB 1294 Earned Wage Access

March 21, 2025

Testimony Before Maryland Senate on Amended HB 246: Earned Wage Access and Credit Modernization

March 26, 2024

Testimony in Support of Rhode Island H 7941 Opting Out of DIDCMA

March 25, 2024

Testimony in Opposition to H4456: An Act Relative to Financial Technology Services

March 22, 2024

Testimony in Support of DC B25-0609 Protecting Affordable Loans Amendment Act

March 13, 2024

Testimony Opposing Maryland HB 1425/SB 998 Earned Wage Access

March 1, 2024

Testimony Supporting Minnesota HF 3680 Opting Out of DIDMCA

February 23, 2024

Testimony in Support of Hawaii SB 2664 on Earned Wage Advances

February 14, 2024

Press Releases & News

View All for Press Releases & News
CFPB and Chamber of Commerce Move To Remove Limits on Credit Card Late Fees

April 15, 2025

NY AG Lawsuit Shows Dangers of Fintech Payday Loan Bills

April 15, 2025

CFPB Allows Payday Lenders to Inflict Multiple NSF and Overdraft Fees on Struggling Consumers

March 28, 2025

CFPB Drops Lawsuit Against Illegal Tip-Based Payday Lender

February 24, 2025

CNBC: A new bill would cap credit card interest rates at 10%. Here’s what that could mean for your money

February 7, 2025

Holiday Shoppers Beware! Buy Now Pay Later and Deferred Interest Credit Cards Hold Hidden Dangers

December 2, 2024

50-State Survey: APRs Increase As States Allow Lenders to Pile on Junk Fees

November 21, 2024

DC Attorney General’s Office Takes Action Against EarnIn Over 300% APR Loans

November 20, 2024

Advocates Urge Federal Appellate Court to Correct Reading of Federal Statute Permitting States to Reclaim Usury Authority

September 25, 2024

Amicus Briefs

View All for Amicus Briefs
Amicus Brief: NAIB v. Weiser (10 Circuit, DIDMCA opt out)

September 23, 2024

Opportunity Financial LLC v. the Department of Financial Protection and Innovation for the State of California

April 21, 2022

Amicus Brief Opposing Demurrer in OppFi v. DFPI

March 7, 2022

Amicus Brief in People of the State of California v. FDIC

April 29, 2021

Amicus Brief in People of California v. Office of the Comptroller of the Currency

December 17, 2020

Amicus Brief in Lacewell v. OCC

July 30, 2020

Amicus Brief in David Petersen, Et Al v. Chase Card Funding, LLC

February 7, 2020

Amicus Brief: Fulford v. Avant

January 13, 2020

Amicus Brief in Martha Fulford v. Marlette Funding

January 13, 2020

Support NCLC

Please support NCLC's work to advance consumer rights and economic justice with a tax-deductible contribution today!

Donate