Advocates Urge Federal Appellate Court to Correct Reading of Federal Statute Permitting States to Reclaim Usury Authority
The brief supports the State of Colorado and reversal of a federal district court decision in the case, NAIB v. Weiser.
Filter By
The brief supports the State of Colorado and reversal of a federal district court decision in the case, NAIB v. Weiser.
Almost all states cap the maximum annual percentage rate (APR) on small- to mid-size installment loans: 45 states and DC cap the rate on a $500, six-month loan; 43 states plus DC do for a $2,000, two-year loan; and 42 states plus DC do so for a $10,000, five-year loan.
Read More about State APR Caps for $500, $2,000 and $10,000 Installment Loans
This RESPA comment, with three appendices, generally supports and provides detailed feedback on the Bureau’s proposals to streamline loss mitigation procedures and to expand language access in mortgage servicing. It shares results of two related NCLC surveys of advocates and also supports providing stronger protections for successors in interest and for those with “zombie” second…
These joint comments support an interpretive rule proposed by the CFPB that would clarify that earned wage advance products are credit transactions.
This group letter urges the Department of Education to take action to protect federal student loan borrowers from harm caused by the SAVE litigation’s large-scale disruption of the student loan repayment system, which has led to a temporary removal of online repayment plan applications and an extended pause in processing applications to consolidate loans or…
The undersigned consumer, labor, civil rights, legal services and community organizations write in strongsupport of the Consumer Financial Protection Bureau’s proposed interpretive rule on emerging paycheckadvance products, sometimes marketed as “earned wage” products. Workers should not have to pay to be paid, and we support the CFPB’s efforts to guard against predatory lending in the…