Letters to Congress: AFR Joins Over 300 Organizations From All 50 States to Support CRA Challenge to OCC “Fake Lender” Predatory Lending Rule

AFR joined allies across the country to support the Congressional Review Act challenge to the OCC’s final rule, “National Banks and Federal Savings Associations as Lenders,” which would unleash predatory lending in all fifty states by preempting states’ interest rate caps. States must be able to protect their residents from the harms of predatory lending, especially amidst a global pandemic that has hit low- and moderate-income families and communities of color, especially Black, Latinx, and Native American communities, particularly hard due to underlying health and socioeconomic disparities.

View or download a PDF of the letter here.