Congress
HIGHLIGHT
Congress is considering capping annual interest rates for consumer loans at 36 percent interest to help reform our financial system and restore health to our economy. A new CRL survey finds that over 70 percent of Americans favor a rate cap of 36% or lower. Ask Congress to support a 36% interest rate cap on all consumer loans.
- Interest Rate Survey
March 30, 2009CRL conducted a national survey to measure public support for one strategy on the table: a 36 percent cap on annual interest rates for consumer loans. The survey found high levels of support for such a measure, which had very little variance across different demographic groups.
- A 36% APR Cap on High-Cost Loans Promotes Financial Recovery
January 31, 2009Explains the importance of a federal 36% interest rate cap in stopping predatory lending and stimulating the economy.
