Payday & Installment Loans Archives

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

November 12, 2024

A summary of the U.S. states that cap the maximum annual percentage rate (APR) on small - to mid-size installment loans.

Group Letter in Opposition to the E-SIGN Modernization Act of 2020

September 10, 2020

The 35 undersigned consumer, civil and human rights, legal services and community organizations express opposition to S. 4159 (Thune), the E-SIGN Modernization Act of 2020. In the guise of modernization, the bill would gut the critical requirements of the E-Sign Act that ensure that consumers actually agree to the use of electronic communications in a…

Comments to the FDIC Regarding Small Dollar Lending

January 22, 2019

Comments of the Center for Responsible Lending and National Consumer Law Center (on behalf of its low income clients), joined by Americans for Financial Reform Education Fund, The Leadership Conference on Civil and Human Rights, and NAACP in response to the FDIC’s request for information (RFI) on small-dollar lending

Group Comments to the CFPB Regarding Delay of Payday Loan Rule Compliance Date

March 18, 2019

Comments to the Consumer Financial Protection Bureau Proposed Rule on Payday, Vehicle Title, and Certain High-Cost Installment Loans; Delay of Compliance Date

Comments to the CFPB Opposing Changes to the Payday Lending Rule

May 15, 2019

Consumer and civil rights groups named above, write to strongly oppose the proposed rescission (“Proposal”)3 of the Consumer Financial Protection Bureau’s rule to establish ability-to-repay requirements for payday and vehicle title loans.

Comments to NCUA Regarding CUSO Proposed Rule

April 30, 2021

Comments to the National Credit Union Administration re: Comments on Proposed Rule: Credit Union Service Organizations (CUSOs), RIN 3133-AE95

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