Comments: RIN 3064-AC95, Proposed Rulemaking on Federal Preemption
Date: December 13, 2005
Issue:Payday Loans
Agency(-ies): Federal Deposit Insurance Corporation (FDIC)
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Payday Lending
Twelve million Americans are trapped every year in a cycle of 400% interest payday loans. A 36% cap on annual interest springs the trap.
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District of Columbia Office | 910 17th Street NW Suite 500, Washington, DC 20006 | (202) 349-1850
California Office | 1330 Broadway Suite 604, Oakland, CA 94612 | (510) 379-5500
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