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

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Coalition Letter in Support of the Predatory Lending Elimination Act

February 11, 2026

Broad Coalition Supports New Senate Bill to Cap Interest Rates for Loans

February 11, 2026

The Affordability Problem of Earned Wage Payday Loans

February 10, 2026

Earned Wage Payday Loans Compound the Affordability Problem

February 10, 2026

States Can Protect Buy Now, Pay Later Borrowers

February 9, 2026

Testimony Supporting Oregon HB 4116 Opting Out of DIDMCA

February 3, 2026

Comment to DC on Earned Wage Access

January 30, 2026

Written Testimony in Support of Maryland Earned Wage Revisions

January 29, 2026

Comments on OCC Interest-on-Escrow Law Preemption

January 29, 2026

Comments & Letters

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Coalition Letter in Support of the Predatory Lending Elimination Act

February 11, 2026

Comment to DC on Earned Wage Access

January 30, 2026

Comments on OCC Interest-on-Escrow Law Preemption

January 29, 2026

Coalition Letter Opposing Earned Wage Payday Loan Exemption from TILA

November 20, 2025

Buy Now Pay Later Comments to NY Dept of Financial Services

September 12, 2025

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

Reports

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Picking Workers’ Pockets: Unfair, Deceptive and Abusive Practices by Earned Wage Payday Lenders

January 12, 2026

Predatory Installment Lending in the States: How Well Do the States Protect Consumers Against High-Cost Installment Loans? (2025)

December 19, 2025

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

Issue Briefs

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The Affordability Problem of Earned Wage Payday Loans

February 10, 2026

States Can Protect Buy Now, Pay Later Borrowers

February 9, 2026

Selected Government Enforcement Actions Against Earned Wage Payday Lenders

January 8, 2026

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

December 18, 2025

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

October 16, 2025

What Rights Do Buy Now, Pay Later Purchasers Have?

June 26, 2025

MoneyLion’s Costly “0% APR” “Earned Wage” Payday Loans

May 22, 2025

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

Testimony

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Testimony Supporting Oregon HB 4116 Opting Out of DIDMCA

February 3, 2026

Written Testimony in Support of Maryland Earned Wage Revisions

January 29, 2026

Statement for the Record for Hearing on Fintech Innovations

January 13, 2026

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

Press Releases & News

View All for Press Releases & News
Broad Coalition Supports New Senate Bill to Cap Interest Rates for Loans

February 11, 2026

Earned Wage Payday Loans Compound the Affordability Problem

February 10, 2026

Earned Wage Payday Lenders Are Picking Workers’ Pockets

January 12, 2026

Earned Wage Payday Loans are Loans, Despite CFPB’s Claim

December 22, 2025

Proposed Law Would Supercharge Predatory ‘Earned Wage’ Payday Lending

November 20, 2025

American Banker: Ruling on high-cost loans has nationwide implications

November 12, 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

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

March 28, 2025

Amicus Briefs

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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

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