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.
Unless Congress takes action to stop it, Millions of people will fall deeper into debt as high cost lenders exploit the terrible moment we’re in. Payday and car title lenders have long engaged in price-gouging with triple-digit interest rates and exorbitant fees. Price-gouging is bad enough in normal times; during a pandemic, it’s unconscionable. Sixteen states and the District of Columbia already cap interest rates. It’s time to extend interest rate caps nationwide.
We need your help to convince Congress to stop predatory lenders from ripping people off during the COVID-19 pandemic. Use our tool to email your lawmaker, and tell them: Pass an Interest Rate Cap to Stop Pandemic Profiteering