Interest Rate, Usury & Other Credit Laws Archives

Written Testimony in Support of Maryland Earned Wage Revisions

January 29, 2026

A new breed of payday loans, so-called earned wage access products, exacerbate affordability problems by taking hundreds of dollars per year from low-wage workers. This written testimony from NCLC supports a Maryland bill that will prevent manipulations that increase fees and make workers pay to be paid. NCLC’s testimony also suggests several amendments to the…

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

December 19, 2025

© Copyright 2025, National Consumer Law Center, Inc. All rights reserved. Caps on interest rates and junk fees are the primary vehicle by which states protect consumers from predatory lending. Forty-five states and the District of Columbia currently cap interest rates and loan fees for at least some consumer installment loans, depending on the size…

Gout v. Unison Agreement Corp. et al.

September 18, 2025

Patricia Gout, on behalf of herself and all others similarly situated v. Unison Agreement Corp., Unison Investment Management, LLC, and Real Estate Equity Exchange, Inc., CGC-25-629062 (Cal. Super. Ct.) This class action complaint seeks relief for California borrowers against predatory mortgage lender Unison Agreement Corp. and its affiliates. The case asserts that the defendants dupe…

Burkhardt et al. v. MoneyLion Technologies Inc. et al.

October 17, 2025

Johnathan Burkhard and Deven Burkhardt, individually and on behalf of all others similarly situated v. MoneyLion Technologies Inc., ML Plus, LLC, and MoneyLion of Florida, LLC, No. 3:25-cv-00693 (N.D. Fla.) This case seeks relief against predatory earned wage access lender MoneyLion and related companies on behalf of a nationwide class of servicemembers and their spouses…

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

November 21, 2024

Interest rate caps still vary greatly from state to state, rates are trending upward, and too many states allow lenders to pile on junk fees.

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

November 21, 2024

Forty-five states and the District of Columbia (DC) currently cap interest rates and loan fees for at least some consumer installment loans, depending on the size of the loan. However, the caps vary greatly from state to state, and a few states do not cap interest rates at all.

Comparing APRs on Small Loan Alternatives

January 7, 2025

Consumers who wish to borrow small amounts of money may have several options. Comparing them can be difficult, especially since consumers do not always get annual percentage rate (APR) disclosures. The APR is an important price comparison tool, providing an apples-to-apples rate comparison for borrowing the same amount of money for the same amount of…

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

September 25, 2024

The brief supports the State of Colorado and reversal of a federal district court decision in the case, NAIB v. Weiser.

Synchrony's Planned Rate Hike Unjustified, Advocates Say

April 25, 2024

Consumer advocates question what is driving higher rates and defend the new late fee rule by the CFPB.

Bland v. Carolina Lease Management Group et al

November 7, 2025

This class action challenges exploitative rent to own contracts for storage sheds.

Carolina Lease Management Group v. Greene

January 2, 2026

Carolina Lease Management Group v. GreeneNo. 21 CvD 134 (Jones Cty. Super. Ct., N.C.) This case involves a class counterclaim filed in response to a replevin action. The counterclaim alleges that Mr. Greene and hundreds of others like him entered into a rent to own contract for storage sheds with Carolina Lease Management Group. The…

50-State Survey Finds Larger Loans Need Lower Rates

March 6, 2024

Everything that is wrong with a high-cost loan is only made worse when the loan is larger and the terms are longer.