Tag Archives: Payday Loans

Take Action: The next COVID-19 relief bill must cap sky-high interest rates

Predatory lenders shouldn’t get to take advantage of the terrible economic hardships of this pandemic. Congress must cap sky-high interest rates in the next Coronavirus relief package.

Fact Sheet: Private Equity-Owned Payday Lenders Profit Off Trapping People in Debt

Private equity has pushed into the high-priced consumer loan industry, offering payday and other consumer loans that profit off trapping borrowers in a cycle of debt. Private equity firms own over 5,000 storefront payday and online lenders that often make loans at 300% annual percentage