Small Dollar Loan Products Scorecard
Scorecard Shows Consumers Pay Steep Rates for Small Loans: Financial Reform Should Include a Strong Consumer Financial Protection Agency
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Predatory Installment Lending in the States: How Well Do the States Protect Consumers Against High-Cost Installment Loans? (2022)
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.
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NCLC’s Saunders Testifies on Buy Now, Pay Later and Other Fintech Cashflow Products
On Tuesday, Nov. 2 at 10 am ET, Lauren Saunders, associate director of the National Consumer Law Center will testify before the U.S. House Committee on Financial Services’ Task Force on Financial Technology during a hearing titled, “Buy Now, Pay More Later? Investigating Risks and Benefits of BNPL and Other Emerging Fintech Cash Flow Products.” …
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