interest rate cap Archives - Americans for Financial Reform

A book titled "Consumer Protection" on a desk with a gavel resting on top

News Release: Bipartisan Legislation Would Expand Military Lending Act Protections on Payday Loans to Veterans and Civilians Alike

Americans for Financial Reform supports the introduction of the Veterans and Consumers Fair Credit Act of 2021. This legislation would extend the 36 percent APR cap on payday and car-title loans in the Military Lending Act (MLA) to cover all borrowers.

Letters to Regulators: Letter from 101 Groups Opposing OCC True Lender Proposed Rule

Letter from 101 groups opposing OCC’s true lender rule

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.

nearly empty wallet - Photo by Allef Vinicius on Unsplash

Joint Letter: 63 Organizations Call for Credit and Debt Protections to Address Financial Distress From COVID-19

Americans for Financial Reform and 62 other organizations sent a letter to members of Congress asking them to implement broad-based, efficient, and effective relief for millions of people and small businesses in the U.S.