Interest Rate, Usury & Other Credit Laws Archives

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2015 Report: State Installment Loan Laws Leave Borrowers Vulnerable in New Wave of Predatory Lending

July 30, 2015

NCLC’s 50 State Survey Analyzes Strengths and Gaps in Consumer Protections (BOSTON) Payday lenders are moving into the installment loan market, and state laws vary greatly in whether they protect borrowers from unaffordable rates on longer term loans, according to a new report from the National Consumer Law Center (NCLC). The report analyzes the strengths…

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Supreme Court Decision Strikes Blow Against Tribal Online Payday Lenders

May 29, 2014

(WASHINGTON, D.C.) A Supreme Court decision yesterday will have serious repercussions for illegal online payday lenders who claim to be affiliated with a Native American tribe, according to National Consumer Law Center attorneys with expertise in payday lending and tribal sovereign immunity. Although the decision in Michigan v. Bay Mills Indian Community was a victory…

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Scorecard Shows Consumers Pay Steep Rates for Small Loans: Financial Reform Should Include a Strong Consumer Financial Protection Agency

May 13, 2010

WASHINGTON, D.C. – Many states are failing to provide adequate protections for consumers against extremely expensive credit according to a new report by the National Consumer Law Center, Consumer Federation of America, and Consumers Union. The Scorecard updates a 2008 report and grades states on how well they protect consumers from excessive interest charges on…

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2015 Report: State Installment Loan Laws Leave Borrowers Vulnerable in New Wave of Predatory Lending

Supreme Court Decision Strikes Blow Against Tribal Online Payday Lenders

Scorecard Shows Consumers Pay Steep Rates for Small Loans: Financial Reform Should Include a Strong Consumer Financial Protection Agency

Support NCLC