Center for Responsible Lending Endorses the Bipartisan Veterans and Consumers Fair Credit Act, which Caps Interest Rates Nationally at 36%
New legislation would protect people from the financial quicksand of high-interest loans First bill to extend Military Lending Act’s rate cap protection to all Americans Learn more about this map, showing the APR of a typical payday loan in those states without strong interest rate caps. For instance, in Illinois it is 404% and in Wisconsin 574%. WASHINGTON, D.C. – The Center for Responsible Lending (CRL) announced support for the Veterans and Consumers Fair Credit Act, which is being introduced today in the U.S. House of Representatives by Congressmen Jesús “Chuy” García (D-IL) and Glenn