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predatory debt
CFPB Makes Move to Support Payday Lenders During Black History Month
February 15, 2019
When given the chance at the ballot box, Americans overwhelmingly vote to impose a 36 percent or less rate cap. Today, 16 states and the District of Columbia have these rate caps in place, providing strong protection from payday loan sharks. In remaining states – those without a rate cap – interest rates run as high as 460 percent in California, over 400 percent in Illinois and 662 percent in Texas. ... read more »
Congressional Black Caucus Members join House colleagues in call for strong payday rule
October 13, 2016
This strong Congressional appeal continues the calls for fair lending that has included clergy, consumer advocates, civil rights organizations and others ... read more »
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