Take Action

Congress is considering legislation that could deny your access to safe and affordable credit from licensed and regulated lenders. “All-in” Annual Percentage Rate (APR) caps limit consumer choice and exclude consumers from the financial system. These rate caps are an extreme measure that actually harms the consumers the bill’s sponsors want to help, by either eliminating credit availability or by forcing consumers to take on more debt than they want or need.

There is no place in our economy for predatory lenders that trap consumers in a cycle of debt. But the proposed 36% “all-in” APR cap is not the solution.

Tell Congress to oppose “all-in” rate regulations.