All Issues

High-Cost Credit

Predatory lending strips wealth from vulnerable consumers and communities. High-cost lenders use a variety of methods to evade consumer protection laws and even to deny they are offering credit. NCLC fights for reasonable and effective interest rate limits, affordable small dollar loans, and an end to abusive practices and evasions by payday lenders, online lenders, credit cards, and newer fintech forms of credit.

Key Topics

Credit Cards

Protecting consumers against credit card abuses.

Fintech & Disguised Credit

NCLC works to ensure that new and evasive forms of credit have strong consumer protections.

Interest Rate, Usury & Other Credit Laws

Supporting effective state and federal interest rate limits and credit laws.

Payday & Installment Loans

Fighting high-cost, predatory loans and supporting affordable small dollar credit.

Rent-a-Bank Loans

Fighting schemes that help lenders evade state interest rate limits.

Featured

Recent Resources

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2025 Consumer Protection Federal Priorities

October 21, 2024

High-Cost Rent-a-Bank Loan Watch List

September 26, 2024

Advocates Urge Federal Appellate Court to Correct Reading of Federal Statute Permitting States to Reclaim Usury Authority

September 25, 2024

Amicus Brief: NAIB v. Weiser (10 Circuit, DIDMCA opt out)

September 23, 2024

Fact Sheet: State Annual Percentage Rate (APR) Caps for $500, $2,000, and $10,000 Installment Loans

September 16, 2024

State APR Caps for $500, $2,000 and $10,000 Installment Loans

September 16, 2024

NCLC, CRL & CFA Comments in Support of CFPB’s Proposed Interpretive Rule on Earned Wage Advances

August 30, 2024

160+ Groups Urge Clear Fee Disclosures for Paycheck Advance Apps in Letter to the CFPB

August 29, 2024

165 Organizations and Academics Support the CFPB’s Paycheck Advance Interpretive Rules

August 29, 2024

Comments & Letters

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NCLC, CRL & CFA Comments in Support of CFPB’s Proposed Interpretive Rule on Earned Wage Advances

August 30, 2024

165 Organizations and Academics Support the CFPB’s Paycheck Advance Interpretive Rules

August 29, 2024

NCLC Comments Supporting CFPB Proposal to Ban Medical Debt From Credit Reports

August 12, 2024

NCLC & Consumer Reports Comments to CFPB Regarding Buy Now, Pay Later Loans Interpretive Rule

August 1, 2024

90 Consumer, Civil Rights and Community Organizations and Academics Comments to CFPB Regarding Buy Now, Pay Later Loans Interpretive Rule

August 1, 2024

Comment on California Earned Wage Advance Regulation

July 24, 2024

Letter Opposing HR 8338 (Kim), Clarity in Lending Act

May 15, 2024

NCLC Comments on CFPB’s Proposed Rule Governing Overdraft Lending at Very Large Financial Institutions

April 1, 2024

FTC Letter RE: Stay-or-Pay Contracts and Training Repayment Agreement Provisions (TRAPs)

April 1, 2024

Reports

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Larger Loans Need Lower Rates: A 50-State Survey of the APRs Allowed for a $10,000 Loan

March 6, 2024

Predatory Installment Lending in the States: How Well Do the States Protect Consumers Against High-Cost Installment Loans? (2023)

November 21, 2023

Predatory Installment Lending in the States: How Well Do the States Protect Consumers Against High-Cost Installment Loans? (2022)

June 28, 2022

Report: Predatory Lenders TAB Bank & Easypay Finance Harm Veterans & Military Servicemembers

May 24, 2022

Predatory Auto Repair Loans by TAB Bank and EasyPay Finance

May 11, 2022

Predatory Puppy Loans by TAB Bank and EasyPay Finance

February 1, 2022

Predatory Installment Lending in the States: How Well Do the States Protect Consumers Against High-Cost Installment Loans? (2021)

May 27, 2021

Predatory Installment Lending in the States: 2020

February 28, 2020

The Rent-to-Own Racket: Using Criminal Courts to Coerce Payments from Vulnerable Families

February 5, 2019

Issue Briefs

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2025 Consumer Protection Federal Priorities

October 21, 2024

High-Cost Rent-a-Bank Loan Watch List

September 26, 2024

Fact Sheet: State Annual Percentage Rate (APR) Caps for $500, $2,000, and $10,000 Installment Loans

September 16, 2024

State APR Caps for $500, $2,000 and $10,000 Installment Loans

September 16, 2024

State Rate Caps for $500 and $2,000 Loans

November 15, 2023

State Recommendations for Earned Wage Advances and Other Fintech Cash Advances

October 11, 2023

Data on Earned Wage Advances and Fintech Payday Loan “Tips” Show High Costs for Low-Wage Workers

April 10, 2023

2023-2024 Consumer Protection Federal Priorities

January 13, 2023

What States Can Do to Help Consumers: High Cost Loans

March 15, 2022

Testimony

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Testimony Before Maryland Senate on Amended HB 246: Earned Wage Access and Credit Modernization

March 26, 2024

Testimony in Support of Rhode Island H 7941 Opting Out of DIDCMA

March 25, 2024

Testimony in Opposition to H4456: An Act Relative to Financial Technology Services

March 22, 2024

Testimony in Support of DC B25-0609 Protecting Affordable Loans Amendment Act

March 13, 2024

Testimony Opposing Maryland HB 1425/SB 998 Earned Wage Access

March 1, 2024

Testimony Supporting Minnesota HF 3680 Opting Out of DIDMCA

February 23, 2024

Testimony in Support of Hawaii SB 2664 on Earned Wage Advances

February 14, 2024

Testimony in Support of Maryland HB 254

January 23, 2024

Testimony in Support of Maryland HB 246

January 23, 2024

Press Releases & News

View All for Press Releases & News
Advocates Urge Federal Appellate Court to Correct Reading of Federal Statute Permitting States to Reclaim Usury Authority

September 25, 2024

160+ Groups Urge Clear Fee Disclosures for Paycheck Advance Apps in Letter to the CFPB

August 29, 2024

Consumer Advocates Support CFPB’s Interpretive Rule on Buy Now Pay Later Loans, Call For Additional Consumer Protections

August 1, 2024

The New York Times: Chase to Bar Customers From Using Credit Cards for ‘Pay Later’ Loans

July 26, 2024

Los Angeles Times: Federal regulators step up their campaign against predatory payday lenders and their rip-offs

July 24, 2024

CFPB Halts Worker Payday Loan Evasions

July 18, 2024

The New York Times: ‘Buy Now, Pay Later’ Borrowers Get More Safeguards With New Rule

May 31, 2024

American Banker: Was the CFPB really manipulating data about credit cards?

May 29, 2024

CFPB Improves Protections for Buy Now Pay Later Loans

May 22, 2024

Amicus Briefs

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Amicus Brief: NAIB v. Weiser (10 Circuit, DIDMCA opt out)

September 23, 2024

Opportunity Financial LLC v. the Department of Financial Protection and Innovation for the State of California

April 21, 2022

Amicus Brief Opposing Demurrer in OppFi v. DFPI

March 7, 2022

Amicus Brief in People of the State of California v. FDIC

April 29, 2021

Amicus Brief in People of California v. Office of the Comptroller of the Currency

December 17, 2020

Amicus Brief in Lacewell v. OCC

July 30, 2020

Amicus Brief in David Petersen, Et Al v. Chase Card Funding, LLC

February 7, 2020

Amicus Brief: Fulford v. Avant

January 13, 2020

Amicus Brief in Martha Fulford v. Marlette Funding

January 13, 2020

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