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State of Lending in America
The report outlines predatory lending practices in various fields of consumer lending, and explains why protecting fair, affordable access to credit is vital for both consumers and the U.S. economy.

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Payday Lending: A 400% Interest Debt Trap


Make a difference - Call for a stronger payday rule by sending comments to the CFPB through

Payday lending traps borrowers in long-term 400% interest debt, making them vulnerable to overdue bills, overdraft fees, credit card delinquency and bankruptcy. A 36% cap on annual interest is the only way to spring the debt trap.